ESPACIO PUBLICITARIO
CARACAS, Wednesday February 13, 2013 | Update
 
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DEVALUATION | In a brief statement

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

EL UNIVERSAL
Wednesday February 13, 2013  11:28 AM
In a brief statement, Venezuela's Planning and Finance Minister Jorge Giordani remarked on Wednesday that the devaluation of the Venezuelan currency and the incorporation of the Higher Agency for Upgrade of the Exchange System, both announced on Friday, aimed at financial sustainability based on the available resources in terms of foreign currency.

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
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At least 30 years had passed since his last visit to Caracas. He had little time to become an expert on moving about in such a complicated metropolis. Whether it was hopping on the subway, finding directions, playing waiting games at public agencies, eating whatever he could and sleeping wherever he could, Guerrero senior had been wandering the streets for 60 days, and thanks to "the boys" he found some sort of relief by way of helping hands.

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