Starting in April 2026, OFAC issued general licenses (No. 56 and 57) authorizing financial transactions with the Central Bank of Venezuela (BCV), Banco de Venezuela, Banco Digital de los Trabajadores, and Banco del Tesoro. Additionally, at least nine private banks (such as Banesco, Mercantil, Provincial, BNC, Bancamiga, Exterior, Bancaribe, Fondo Común, Venezuelan Credit) are active in the currency system and may have SWIFT codes.
Key Points:
OFAC Authorization: The April 2026 licenses cover operations of Banco de Venezuela, Tesoro, and BCV.
SWIFT System: Many Venezuelan banks maintain SWIFT codes, but public banking has faced severe restrictions, limiting its ability for international correspondence.
Private Banking: Banks like Banesco and BBVA Provincial operate with greater regularity.
Currency Auction: In early 2026, four more banks were enabled for this mechanism.
Note: The sanctions situation is dynamic, and the authorizations may change quickly.
Facilitates international transactions, boosts the economy, and normalizes payments through public banking.
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