Venezuelan forex board allocates USD 33 billion in 2012
The granted foreign currency records a 5.6% hike versus 2011
Imports were granted USD 26.01 billion, including USD 18.17 in regular imports, the Venezuelan government agency broke down.
Furthermore, USD 1.46 billion was authorized for financial operations; USD 3.33 billion for credit cards and USD 2.34 for miscellaneous.
President Nicolás Maduro is not only the heir to the throne, but also to an economic crisis which demanded urgent measures to rectify the course. The crisis showed up in two aspects: a 50% inflation estimate, and shortage of staples ranging between 70% and 98%. These issues might hit the President's poor popularity; considering his feeble electoral victory of 1% over his challenger.