Venezuelan minister: economic moves seek financial sustainability
Venezuela's Planning and Finance Minister Jorge Giordani said that the official economic announcements made on Friday sought the rational and fair use of foreign exchange
In a brief statement, the minister added that the Government seeks the rational and fair use of US dollars. Giordani pointed out that the announced actions are systemic rather than individualized.
He said that the move also seek to make economically and financially feasible the plan of the homeland.
Giordani stressed that all government institutions are operating regularly and that technological platforms were modified to fit the changes.
Translated by Jhean Cabrera
President Nicolás Maduro is not only the heir to the throne, but also to an economic crisis which demanded urgent measures to rectify the course. The crisis showed up in two aspects: a 50% inflation estimate, and shortage of staples ranging between 70% and 98%. These issues might hit the President's poor popularity; considering his feeble electoral victory of 1% over his challenger.