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Venezuela Easter 2016 Bank Holidays Not Expanded

Source: Superintendencia de Instituciones del Sector Bancario (Sudeban)
Posted on Saturday, March 19, 2016


The Venezuelan regulatory body for the banking sector, Sudeban (Superintendencia de Instituciones del Sector Bancario) has announced that, despite the Venezuelan government announcing non-working public holidays in Venezuela for the entire upcoming Easter week for both the private and public sectors, Monday to Wednesday, March 21-23, 2016, would not be bank holidays in Venezuela ("instituciones bancarias laborarán en horario normal los días 21, 22 y 23 de marzo, por ser su actividad un servicio público").

Earlier this week (2016-03-13), Venezuela's president, Nicolás Maduro, had declared the entire upcoming Holy Week 2016, from March 19 until March 27, 2016 inclusively, as non-working public holidays, but initially only for the Venezuelan public sector, as was done a few years ago (2010-03-25), Venezuela's then President, Hugo Chávez, had similarly announced that the entire Holy Week, March 29 to April 2, 2010, had been declared as non-working public holidays in Venezuela, to lighten the load on Venezuela's power grid.

Then, a couple of days later (2016-03-16), president Maduro issued the decree 2276 in Venezuela's Gaceta Oficial, declaring the entire upcoming Holy Week 2016, from March 19 until March 27, 2016 inclusively, as non-working public holidays for both the Venezuelan public sector and private sectors.

The aforementioned announcement by the Sudeban that Monday to Wednesday, March 21-23, 2016, would not be bank holidays in Venezuela, is in line with the official list of the dates for the 2016 public holidays and banking holidays in Venezuela as announced late last year by the Sudeban (2015-12-14) in conformity with the "Ley de Reforma Parcial de la Ley de Instituciones del Sector Bancario".


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