US dollar supply by October 4.5% above that in 2011
The president of Venezuela's Foreign Exchange Administration Commission (Cadivi) noted that USD 26.9 billion had been supplied by the end of October, 79% of which were for import purposes
Out of the total amount registered by October, USD 21.3 billion (79%) was oriented to imports; USD 1.2 billion to financial operations; USD 1.8 billion to family-related remittance, students, and special cases; and USD 2.6 billion to travelers, Barroso told state-run TV channel VTV.
Regarding imports he said, "There are no requests that may extend the given periods because of specific situations. The system works as usual."
Cadivi's head added that weekly meetings are held "to discuss some critical situations or problems that may arise and take immediate actions."
Regarding the case of medicines, he noted, no laboratory or pharmacy will say it does not have any medicine because of Cadivi. "It would be bold and irresponsible to say that. Supposedly a medicine request is having some inconveniences, all they need to do is to contact us, inform us about the inconvenience and then we solve it," Barroso remarked.
Cristian Fonseca, a businessman in La Candelaria district downtown Caracas, was doing the accounts in his small shop office on Sunday December 21, 2008. The Christmas shopping season kept him working late hours into the night. It was around 11 p.m. and his phone rang. A friend broke the bad news to him over the telephone.