Venezuela Bolivar Payments Target Pensioners Amidst Inflation
Government Continues Bond Distributions to Address Economic Concerns
The Bolivarian government, led by **Nicolás Maduro**, is actively addressing inflation concerns through a decade-long strategy of issuing various national bonds. A significant portion of the beneficiary population includes pensioners affiliated with the Venezuelan Institute of Social Security (IVSS).
August Pension Subsidy Disbursed
Millions of elderly citizens across Venezuela are set to receive their regular subsidy, a measure designed to ensure their well-being. The IVSS confirmed that the August pension subsidy commenced on Monday, July 21. This payment is complemented by the “income against the economic war” deposit, details of which are regularly updated by national platforms.
The “income against the economic war” bond has been set at 5,750 Venezuelan bolivars. This amount is currently equivalent to approximately $48.26 USD, based on the official exchange rate provided by the Central Bank of Venezuela (BCV).
Beneficiaries of the “income against the economic war” bond for July 2025 can expect to receive a notification via text message. These alerts will originate from short numbers 3532 or 67373, confirming the deposit into their accounts.
How to Access Bond Funds via Patria Platform
Venezuelan pensioners can follow a straightforward five-step process to withdraw their bond funds through the Patria system:
- Navigate to www.patria.gob.ve and log in using your credentials.
- Within the Patria platform, locate and accept the assigned bonus under the “Social Protection” section.
- To initiate a bank transfer, select the “Pardero” option, then choose “fund withdrawal.”
- Specify the source wallet and the desired withdrawal amount, followed by selecting a pre-registered destination account.
- Confirm the transaction by clicking “Continue” and then “accept” to finalize the withdrawal process.
Venezuela’s reliance on bond distributions underscores the persistent challenges of hyperinflation, a situation echoed in other Latin American economies. For instance, Argentina is currently grappling with inflation rates exceeding 200% annually, impacting household purchasing power significantly (Reuters, May 2024).