Deputy forecasts forex rate adjustment in Venezuela
Economic reforms are expected this year, and ministers will gradually announce them
Adjustments may include changes in the price of some goods and services, and the foreign exchange rate, as well as some fiscal reforms and steps to curb speculation.
The former finance minister pointed out that "the main goal is to preserve economic growth as it is vital for economic policy-making."
The deputy also suggested that devaluation should be used as a tool to improve the competitiveness of the Venezuelan economy in the international arena through industrialization.
Translated by Jhean Cabrera
Around 1.5 million Venezuelans have decided to emigrate in search of a better future for their families. The figure accounts to between 4% and 6% of the overall population. Approximately 88% of these expatriates have made up their mind to emigrate over the last 15 years.