ESPACIO PUBLICITARIO
CARACAS, Friday February 08, 2013 | Update
 
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ECONOMY

Opposition leader rejects devaluation amid oil basket at USD 106 per barrel

During the 2012 presidential campaign, former opposition presidential candidate Henrique Capriles suggested not devaluating Venezuela's currency and limiting money being sent to other countries

EL UNIVERSAL
Friday February 08, 2013  05:25 PM
Since the Venezuelan oil basket stands at USD 106 per barrel, Venezuelan opposition governor and former presidential candidate Henrique Capriles rejected via Twitter the Government's decision to devalue the national currency.

On his Twitter account, Capriles remarked that the Government had spent all the money in the 2012 election campaigns, corruption, and giving away money to other countries. He claimed that the Government has misled people.

On Friday, the Venezuelan Government announced an adjustment (46.5%) in the foreign exchange rate, from VEB 4.30 to VEB 6.30 per US dollar. 

The opposition leader also recalled that during his presidential campaign last year he suggested the Government not to devalue the currency and stop giving away money to other countries.

Translated by Jhean Cabrera
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A shipment of over 30,000 tons of phosphate arrived at Puerto Cabello port in late July on board the Shi Long Ling, a Chinese-flagged vessel that began its long journey in northern Africa. The cargo boat docked on July 26 after traveling more than 3,200 nautical miles. Undoubtedly, this would just be considered one in many cargo ships crisscrossing the oceans if it were not for the fact that Venezuela has denounced Western Sahara occupation by Morocco and yet purchases the territory's natural resource products from the occupying power.

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