Economy
Official Gazette No. 39,300 published on Friday the partial reform of the Law of the Central Bank of Venezuela (BCV).

According to the refurbished law, the BCV will be able to make and implement policies of its competent jurisdiction and also perform duties to attain the State superior goals.

It is also said in the resolution that the BCV fundamental goal is to achieve steady prices and preserve the money value, thus contributing to the national economy smooth development and cooperating with Latin American and Caribbean integration by means of mechanisms intended to facilitate macroeconomic policies.

To that end, the BCV should, among others, make and develop the monetary policy; take part in the making and implementation of exchange policies; regulate loans and interest rates in the financial system; regulate currency, and further the system adequate liquidity.