Finance

Economic and financial-market coverage across Venezuela, not tied to a single deal.

Rebuilding Venezuela’s Financial Plumbing: The Erebor Bank Story

Much of the discussion about rebuilding Venezuela has focused on the visible things: oil wells, power plants, pipelines, ports and factories. But none of that works particularly well without something less visible—the financial system needed to move money into and out of the country.

Sep 8, 2026

•

2 min read

Erebor Bank, a newly chartered digital bank based in Ohio to seek expansion into Venezuela.

Backed by Peter Thiel and co-founded by Anduril founder Palmer Luckey plans to fill the void left by Silicon Valley Bank in serving entrepreneurs and venture companies intends to provide correspondent banking services and sub-accounts that would allow Venezuelan firms easier access to US dollar banking and international transactions.

May 15, 2026

•

1 min read