Post by scumbuster on Dec 6, 2020 8:35:50 GMT -5
Venezuela’s Maduro Says Dollars to Circulate Freely, Rules out Illegalization
CARACAS – Nicolás Maduro ruled out illegalizing the free circulation of foreign currency in Venezuela as he insisted that dollarization has been a sort of an “escape valve” for the nation’s economy, although he warned to remain vigilant on all those “problematic” dollars sold on the black market.
Venezuela’s leftist incumbent told journalists from the public and private media in a press conference on Thursday afternoon that dollarization is the proof that citizens have not “sat on their hands.”
“What is the solution to this phenomenon? We must allow the functioning and complementariness of the national currency, of the dollar, of the international currencies. That’s the decision. Neither to persecute it nor to make it illegal. The final solution is the recovery of the income, and with that the real recovery of the people’s income in wages, pensions, and bonuses through the Homeland ID card,” Maduro pointed out.
Maduro claimed that Venezuela has lost 99% of its revenues thanks to the “blockings, sanctions, and coercive measures imposed by the US government,” adding that has come to the point of importing gasoline to “complement national production.”
To counter those unilateral coercive measures, Maduro reiterated his proposal of creating mechanisms to support the national economy as a result of the people’s lower incomes.
The Government, according to Maduro, has already outlined a strategy for the recovery of income levels to be carried out during the first half of 2021, which will become a top priority for the so-called Anti-Blockade Law for the National Development and Guarantee of Human Rights.
“There is a plan already, we are working hard on that,” Maduro highlighted on Thursday as he announced the early adoption of a series of instruments that would jump-start the nation’s productive apparatus.
www.laht.com/article.asp?ArticleId=2497373&CategoryId=10717
CARACAS – Nicolás Maduro ruled out illegalizing the free circulation of foreign currency in Venezuela as he insisted that dollarization has been a sort of an “escape valve” for the nation’s economy, although he warned to remain vigilant on all those “problematic” dollars sold on the black market.
Venezuela’s leftist incumbent told journalists from the public and private media in a press conference on Thursday afternoon that dollarization is the proof that citizens have not “sat on their hands.”
“What is the solution to this phenomenon? We must allow the functioning and complementariness of the national currency, of the dollar, of the international currencies. That’s the decision. Neither to persecute it nor to make it illegal. The final solution is the recovery of the income, and with that the real recovery of the people’s income in wages, pensions, and bonuses through the Homeland ID card,” Maduro pointed out.
Maduro claimed that Venezuela has lost 99% of its revenues thanks to the “blockings, sanctions, and coercive measures imposed by the US government,” adding that has come to the point of importing gasoline to “complement national production.”
To counter those unilateral coercive measures, Maduro reiterated his proposal of creating mechanisms to support the national economy as a result of the people’s lower incomes.
The Government, according to Maduro, has already outlined a strategy for the recovery of income levels to be carried out during the first half of 2021, which will become a top priority for the so-called Anti-Blockade Law for the National Development and Guarantee of Human Rights.
“There is a plan already, we are working hard on that,” Maduro highlighted on Thursday as he announced the early adoption of a series of instruments that would jump-start the nation’s productive apparatus.
www.laht.com/article.asp?ArticleId=2497373&CategoryId=10717