Re: ERAR Siderar
Publicado: Vie Nov 28, 2014 5:05 pm
Venezuela ya se empieza a mover
Venezuela Paves the Way to Legalize Dollar Trade in Black Market
2014-11-28 18:01:38.718 GMT
By Anatoly Kurmanaev
Nov. 28 (Bloomberg) -- Venezuela’s President Nicolas Maduro
paved the way to legalize dollar exchange in the black market in
a decision published today in the official gazette, according to
two Caracas-based economic research firms.
“The new law allows the central bank to do what it wants
regarding currency rules without seeking congressional
approval,” Ecoanalitica director Asdrubal Oliveros said by
phone from Caracas today. “It opens the door for the government
to make currency system more flexible, if it chooses to do so.”
While the law doesn’t legalize the black market, it gives
the central bank the choice of doing it, said Henkel Garcia,
director of Econometrica.
A decade of currency controls has made dollars increasingly
scarce in Venezuela, causing shortages of basic goods and
pushing inflation to 63 percent in August. People who don’t have
access to one of the three official exchange rates, resort to
the black market, where the bolivar fell more than 30 percent
since the start of the month. A dollar is worth 151 bolivars in
the streets of Caracas compared with official rates that range
from 6.3 to 50.
Companies and people who conduct operations related to
securities issued by Venezuela and subject to currency
regulations and non-residents in the country for less than 80
days were added to list of entities excluded from obligation to
declare source of their dollar holdings, according to the
illicit currency law dated Nov. 18 and distributed today.
Maduro’s decree also removed from the list of illegal
transactions the purchase of currency outside the government’s
legal auctions.
Venezuela Paves the Way to Legalize Dollar Trade in Black Market
2014-11-28 18:01:38.718 GMT
By Anatoly Kurmanaev
Nov. 28 (Bloomberg) -- Venezuela’s President Nicolas Maduro
paved the way to legalize dollar exchange in the black market in
a decision published today in the official gazette, according to
two Caracas-based economic research firms.
“The new law allows the central bank to do what it wants
regarding currency rules without seeking congressional
approval,” Ecoanalitica director Asdrubal Oliveros said by
phone from Caracas today. “It opens the door for the government
to make currency system more flexible, if it chooses to do so.”
While the law doesn’t legalize the black market, it gives
the central bank the choice of doing it, said Henkel Garcia,
director of Econometrica.
A decade of currency controls has made dollars increasingly
scarce in Venezuela, causing shortages of basic goods and
pushing inflation to 63 percent in August. People who don’t have
access to one of the three official exchange rates, resort to
the black market, where the bolivar fell more than 30 percent
since the start of the month. A dollar is worth 151 bolivars in
the streets of Caracas compared with official rates that range
from 6.3 to 50.
Companies and people who conduct operations related to
securities issued by Venezuela and subject to currency
regulations and non-residents in the country for less than 80
days were added to list of entities excluded from obligation to
declare source of their dollar holdings, according to the
illicit currency law dated Nov. 18 and distributed today.
Maduro’s decree also removed from the list of illegal
transactions the purchase of currency outside the government’s
legal auctions.
y no lo puedo sacar