Shortage likely to escalate in Venezuela amid drought of US dollars
The Venezuelan Confederation of Industries said the alarms have already set off in some sectors
"If delays in the delivery of authorizations, certificates, licenses, and foreign currency continue, shortage will exacerbate in the country in the next weeks, just when consumption reaches its highest point in the year," the confederation noted in a press release.
Conindustria informed that today the Foreign Exchange Administration Commission (Cadivi) takes nearly 180 days to authorize sales of US dollars to enterprises. The confederation also reported delays in different ministries on the issue of Certificates of Non-Production (CNP), a prior requisite to apply for US dollar through Cadivi.
Conindustria said the alarms have already gone off in some sectors, including the agro-industry.
A simple reason: there is oil galore, would suffice to explain Guyana's actions. Another explanation lies in the little or none efforts made by the Venezuelan government to thwart the move by the Guyanese. This is certainly not a new problem, but a problem only recently highlighted because oil is involved. But what other resources does the disputed area hold? For most of us it is a section on the map with black and white stripes on it, a depiction of something distant, alien, a nothingness not worth paying much attention to in geography classes back in elementary school.