Sales of US dollars to the health sector drop 13.5% in 2012
Venezuela's Foreign Exchange Administration Commission (Cadivi) prioritized the sale of US dollars to the food sector, which amounted to USD 7.2 billion, a 15% increase as against 2011
Cadivi data reveals that the largest amount of US dollar was oriented to food and machinery, while a smaller portion (USD 4.01 billion) was sold to the health sector, which recorded a 13.5% setback with respect to 2011 (USD 4.6 billion).
Spokespersons of the health sector informed this week that restrictions imposed by the Venezuelan Government throughout 2012 hit liquidity, causing delays to pay suppliers and hitting domestic supply in turn.
Likewise, the sale of US dollars to the automobile sector declined 14%, from USD 3.1 billion in 2011 to USD 2.6 billion in 2012.
Based on Cadivi data, priority was given to the food sector, which received USD 7.2 billion, 15% higher than in 2011 (USD 6.3 billion). Despite the higher amount of US dollars sold to this sector, the approval of the relevant sales was slow.
Translated by Jhean Cabrera
"Cocoa is to Venezuelans what wine is to the French," says Alejandro Prosperi, head of the Venezuelan Chamber of Cocoa, using this simile to express the paramount importance or the cocoa industry for the country. Often times heralded as "the best cocoa in the world," a passion for quality dating back to the sixteenth century has made Venezuelan cocoa growers to enjoy high prestige at international level and their product to be among the most sought-after in the world.