Nicolas Maduro, President of Venezuelain an interview granted this Sunday to the Spanish journalist and writer, Ignacio Ramonet He talked about the Venezuelan economic reality, and precisely about the exchange system, of which he expressed the need to build a “stable” one.
In his statements, The Venezuelan president announced that the construction of a “stable exchange system” will be given by the joint work of all the economic sectors of the country to be able to defend the value of the national currency and also heal the wounds of the “economic war.”
“All the economic sectors of the country and the government, we are going to build a stable exchange system, to defend the currency and that the economy works with virtuous circuits from now on”said the president.
In addition, The president specified that the Venezuelan economy must have an exchange system nourished by foreign currency with its own production process and “a virtuous circle that allows having a sufficient assortment of foreign currency”. In this sense, it should be remembered that in the South American nation, as the president himself said, it has a fundamentally market exchange system, and there were many occasions when the banks’ coffers did not have dollars to sell, generating a rise in the currency. against the bolivar, and therefore to counteract this rise, the Central Bank of Venezuela injected dollars from its funds.
By last, It is also noteworthy that on December 12, the executive called on both Venezuelans and all economic agents to “combat” the parallelism in the dollar price, this call motivated the Superintendency of Banks (SUDEBAN) to undertake Firstly, an inspection and control in financial entities, in order to avoid distortions in the price of the dollar in the national economy, and then a few days later together with the Superintendency of Cryptoactives (Sunacrip), and the National Financial Intelligence Unit (UNIF) will announce the execution of measures for the supervision of banking operations linked to cryptocurrencies as one of the ways to combat irregular practices that according to threaten the Bolívar (Bs) and the stability of the exchange system.
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