Venezuelan state-run basic industries increase prices by 46.5%
This is the case of the Venezuelan basic industries in Guayana, northeast Venezuela, whose prices have been increased by 46.5%.
Entrepreneurs confirmed that Sidor adjusted prices up. They added that the price of the products paid prior to the devaluation but that have not been dispatched shall be recalculated based on the new forex rate, VEB 6.30 per US dollar.
Since the Venezuelan government imposed currency and price controls in 2003 property rights have been seriously affected, as the individual's freedom to acquire, use, enjoy and dispose of property has been severely restricted, according to experts.