Temas Especiales

16 de Jan de 2021

Nacional

Venezuela may have four rates

CARACAS. Venezuela may modify its foreign exchange controls to create four different exchange rates to help the government deal with a ...

CARACAS. Venezuela may modify its foreign exchange controls to create four different exchange rates to help the government deal with a drop in oil revenue.

President Hugo Chavez is considering a proposal to maintain the current official exchange rate of 2.15 bolivars per dollar for food and medicine, and implementing a tax on currency transactions that are done to import other, nonessential items, said Russ Dallen, head trader at Caracas Capital Markets. Separately, the government would also begin regular auctions of dollar-denominated securities on the Caracas stock exchange, which could be bought with bolivars, Dallen said.