ESPACIO PUBLICITARIO
CARACAS, Thursday November 22, 2012 | Update
 
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FOREIGN CURRENCY

Central Bank avows that demand of foreign currency overtakes supply

Since demand is higher than supply, there are queues at the Transaction System for Foreign Currency Denominated Securities (Sitme)

EL UNIVERSAL
Thursday November 22, 2012  05:37 PM
Nelson Merentes, the president of the Central Bank of Venezuela (BCV), fired back to the hints of sluggishness in allocation of foreign currency for travelers and students.

The senior officer vouched that the Foreign Exchange Administration Board (Cadivi) has kept on dealing with all applications. Thus far this year, for instance, USD 2 billion has been apportioned among travelers.

Nevertheless, he did allow a different situation concerning the Transaction System for Foreign Currency Denominated Securities (Sitme). In his own words, since the demand of foreign currency is higher than supply, queues are formed in the scheme.

With regard to a potential devaluation of the local currency, "some topics are not discussed publicly, but between the Executive Office and the Bank. It is not being discussed and cannot be discussed," the BCV president said, as quoted by private news TV channel Globovisión.
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Pablo Jiménez Guaricuco was summarily dismissed from his Clerk III job at the Autonomous Service of Public Registries and Notaries' Offices (Saren). He read a notice published in a newspaper on November 5 informing the public that he was no longer employed to the Saren. He was sacked despite the fact that he was taking a leave of absence from work due to a work-related accident, and that he enjoyed security of employment under the parental job-immunity privilege. Most probably, the decision was influenced by his role as a union organizer. But what did he do, besides leading protests, to deserve the sack? Well, he allegedly sent off a series of tweets that definitely hurt the sensitivity of the Saren Directorate.

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