Oil Minister Rafael Ramirez says Venezuelans travelling abroad will no longer be allowed to obtain foreign exchange at the official rate of 6.3 bolivars per US dollar. They will have to pay a higher rate, determined by weekly currency auctions. The official rate will be used only for essential goods, such as medicine, industrial supplies and food. "The big discussion here is whether we give dollars to travellers or we import food," said Mr Ramirez. More...
Thursday, January 23, 2014
Venezuela announces changes to foreign currency system
Oil Minister Rafael Ramirez says Venezuelans travelling abroad will no longer be allowed to obtain foreign exchange at the official rate of 6.3 bolivars per US dollar. They will have to pay a higher rate, determined by weekly currency auctions. The official rate will be used only for essential goods, such as medicine, industrial supplies and food. "The big discussion here is whether we give dollars to travellers or we import food," said Mr Ramirez. More...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment