ESPACIO PUBLICITARIO
CARACAS, Saturday February 09, 2013 | Update
 
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EXCHANGE RATE

Venezuelan gov't establishes Higher Agency for Upgrade of Exchange System

The appropriate use of foreign currency has been scheduled (TV screen capture)
EL UNIVERSAL
Saturday February 09, 2013  11:18 AM
The Higher Agency for Upgrade of the Exchange System was formally established on Saturday, as reported by Venezuelan Minister of Planning and Finance Jorge Giordani.

At the head offices of the Foreign Exchange Management Committee (Cadivi), and together with the president of the Central Bank of Venezuela (BCV), Nelson Merentes, and Minister of Petroleum and Mining Rafael Ramírez, Minister Giordani disclosed that by Wednesday after Carnival a great deal of the works intended to streamline the exchange system will be done, following the economic steps announced on Friday.

He underlined that a blueprint will be outlined for the appropriate use of foreign currency, "according to our priorities." The scheme will be submitted to President Hugo Chávez.
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"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.

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