USD 8.6 billion with an "atypical use" in 2013 in Venezuela

In providing numbers on the allocation of US dollars in 2013, which are not public knowledge since December 2012, Ramírez clarified, "we spent USD 8.6 billion by squeezing the quota for travelers, remittances and airliners." "Mafias have done their work and give an atypical use" of foreign currency furnished by Cadivi at the preferential rate of VEB 6.30 per US dollar. In his remarks, Ramírez skipped the issue of front companies and corruption found by the very government in foreign currency administration. More...