ESPACIO PUBLICITARIO
CARACAS, Thursday October 24, 2013 | Update
 
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Venezuelan gov't rules out lift of price and exchange controls

Venezuelan President Nicolás Maduro claimed the Government would "bring back stability in prices"

Maduro asserted the Foreign Exchange Administration System would be transformed (TV screen Capture)
VÍCTOR LA CRUZ |  EL UNIVERSAL
Thursday October 24, 2013  05:01 PM
Venezuelan President Nicolás Maduro said on Thursday that tourism operators working decently can rely on him, but those people wrongfully using credit cards to obtain US dollars would be flunked by law. He called upon the people engaged in such practice to be sensible, as such action is a crime.

Furthermore, Maduro criticized Luis Vicente León, director of research firm Datanálisis, for blaming price and exchange controls for the current domestic economic situation.

"Do you want us to lift the (exchange) control and allow the sale of US dollars so you can swallow them, take them with you, and make the country go in bankrupt? Never ever!" Maduro remarked.

The Venezuelan president also stressed the Foreign Exchange Administration Commission would be transformed and guaranteed sovereign control of US dollars in the country. "We will also bring back stability in prices. You will see," Maduro pledged.
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