Private Banks Close During National Holiday, State Banks Remain Open

During the national holiday on October 19 and 20, private banking in Venezuela ceased operations, while state banks remained open, following the canonization of José Gregorio Hernández as a saint.

The national holiday on October 19 and 20 was declared in honor of the canonization of José Gregorio Hernández, a notable figure in Venezuelan history.
Private banking institutions across Venezuela decided to close their branches during these two days, citing the júbilo nacional decree as their reason for halting financial services.
In contrast, state banks continued to operate normally, ensuring that essential financial services remained accessible to the public during the holiday.

Por Qué Es Relevante

This event underscores the divide between private and state financial institutions in Venezuela, reflecting broader trends in the countrys banking sector and the impact of national celebrations on economic activities.