Deputy forecasts forex rate adjustment in Venezuela
Economic reforms are expected this year, and ministers will gradually announce them
Adjustments may include changes in the price of some goods and services, and the foreign exchange rate, as well as some fiscal reforms and steps to curb speculation.
The former finance minister pointed out that "the main goal is to preserve economic growth as it is vital for economic policy-making."
The deputy also suggested that devaluation should be used as a tool to improve the competitiveness of the Venezuelan economy in the international arena through industrialization.
Translated by Jhean Cabrera
As Venezuelan deposits of public funds in Swiss bank accounts have been revealed, opposition Deputy Andrés Velásquez wonders whatever happened to the USD 500 million worth of CVG funds that turned up in coded bank accounts in Lebanon five years ago.