Opposition leader rejects devaluation amid oil basket at USD 106 per barrel

During the 2012 presidential campaign, former opposition presidential candidate Henrique Capriles suggested not devaluating Venezuela's currency and limiting money being sent to other countries

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EL UNIVERSAL

Friday February 08, 2013 05:25 PM

Since the Venezuelan oil basket stands at USD 106 per barrel, Venezuelan opposition governor and former presidential candidate Henrique Capriles rejected via Twitter the Government's decision to devalue the national currency.

On his Twitter account, Capriles remarked that the Government had spent all the money in the 2012 election campaigns, corruption, and giving away money to other countries. He claimed that the Government has misled people.

On Friday, the Venezuelan Government announced an adjustment (46.5%) in the foreign exchange rate, from VEB 4.30 to VEB 6.30 per US dollar.

The opposition leader also recalled that during his presidential campaign last year he suggested the Government not to devalue the currency and stop giving away money to other countries.

Translated by Jhean Cabrera

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José Vicente Rangel clearly said: "We are not conducting negotiations threatened with a gun in the head." He warned behind closed doors in the midst of the social upheaval occurred during the oil strike in 2002 and 2003. Dissenting Timoteo Zambrano answered back that no other option was available: "The thing is that otherwise, you do not negotiate."

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