ESPACIO PUBLICITARIO
CARACAS, Friday February 08, 2013 | Update
 
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ECONOMY

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

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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Is protest over?

That political protest in Venezuela has lost momentum seems pretty obvious: people are no longer building barricades to block off streets near Plaza Francia in Altamira (eastern Caracas), an anti-government stronghold; no new images have been shown of brave and dashing protesters with bandanna-covered faces clashing with the National Guard in San Cristóbal, in the western state of Táchira; and those who dreamed of a horde of "Gochos" (Tachirans) descending  in an avalanche to stir up revolt in Caracas have been left with no option but to wake up to reality.

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