Key insights
- The US and Venezuela have hired firms to audit Venezuelan assets held abroad. Venezuela's central bank anticipates exchange-rate stability and falling inflation, with GDP growth in Q1 2026. While potentially improving Venezuela's financial standing, the direct impact on US equities is limited, suggesting a slightly bearish influence due to potential geopolitical uncertainty.
CARACAS, April 27 (Reuters) - Venezuela’s central bank said in a statement on Monday that it and the United States have each hired firms to audit assets held abroad by the South American country, though it did not name the firms.
The effort is meant to ensure impartiality, the bank said in a statement.
"Regarding financial resources associated with the Bolivarian Republic of Venezuela held abroad...the U.S. government hired one auditing firm and the Venezuelan government another," the statement said, quoting a presentation by bank president Luis Alberto Perez it said was given on Friday.
Three sources in Caracas have previously told Reuters that U.S. firm Deloitte had been hired to conduct an audit at the central bank, and that the audit will include a review of foreign currency exchange auctions and operations in gold, among other things.
Deloitte did not immediately respond to a request for comment and it was unclear which country may have hired them.
Venezuela is heading into a period of "exchange-rate stability and falling inflation" Perez said in the statement, adding gross domestic product grew in the first quarter of 2026.
“There are reasons to believe that the national economy will perform well in the coming quarters and that inflation will fall,” he told members of the banking association, regulators and officials at the Friday event.