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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.
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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José Vicente Rangel clearly said: "We are not conducting negotiations threatened with a gun in the head." He warned behind closed doors in the midst of the social upheaval occurred during the oil strike in 2002 and 2003. Dissenting Timoteo Zambrano answered back that no other option was available: "The thing is that otherwise, you do not negotiate."
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