Bonus payments to IVSS pensioners and Amor Mayor begin in Venezuela

Payment of the Ingreso Integral de los Pensionados of the Instituto Venezolano de los Seguros Sociales (IVSS) and of the 100% Amor Mayor program has begun to be disbursed through the Patria platform, according to the newspaper El Nacional.

The funds are being delivered directly and gradually to beneficiaries registered in the state system, a mechanism introduced by the Executive to channel subsidies amid the complex economic situation the country is going through.

As of 2026-10-22, the date the measure was reported, the Banco Central de Venezuela (BCV) set the official exchange rate at 884.75 bolívares per US dollar and 993.21 bolívares per euro. It is worth noting that the Venezuelan economy operates with both the official exchange rate and a parallel market, a factor of considerable weight because many prices of basic goods and medicines are informally referenced outside the official rate.

These cash transfers aim to cushion the impact on the incomes of older adults, a group especially vulnerable to inflation and to the erosion of purchasing power of wages and pensions in the South American country.