ESPACIO PUBLICITARIO
CARACAS, Thursday January 17, 2013 | Update
 
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FINANCE | Agency numbers

Venezuelan forex board allocates USD 33 billion in 2012

The granted foreign currency records a 5.6% hike versus 2011

EL UNIVERSAL
Thursday January 17, 2013  04:51 PM
The Foreign Exchange Administration Board (Cadivi) apportioned USD 33.15 billion from January 1 to December 31, 2012, for several items, 5.6% over USD 31.39 billion in 2011.

Imports were granted USD 26.01 billion, including USD 18.17 in regular imports, the Venezuelan government agency broke down.

Furthermore, USD 1.46 billion was authorized for financial operations; USD 3.33 billion for credit cards and USD 2.34 for miscellaneous.
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A group of some 60 Venezuelan economists from across the country and from different generations and backgrounds, has met regularly in the past couple of years and now has brought forth a document explaining the reasons of the current emergency and outlining specific proposals on how to address the serious economic crisis the country has plunged into over the last three years.

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