ESPACIO PUBLICITARIO
CARACAS, Saturday February 09, 2013 | Update
 
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EXCHANGE RATE

Venezuelan gov't establishes Higher Agency for Upgrade of Exchange System

The appropriate use of foreign currency has been scheduled (TV screen capture)
EL UNIVERSAL
Saturday February 09, 2013  11:18 AM
The Higher Agency for Upgrade of the Exchange System was formally established on Saturday, as reported by Venezuelan Minister of Planning and Finance Jorge Giordani.

At the head offices of the Foreign Exchange Management Committee (Cadivi), and together with the president of the Central Bank of Venezuela (BCV), Nelson Merentes, and Minister of Petroleum and Mining Rafael Ramírez, Minister Giordani disclosed that by Wednesday after Carnival a great deal of the works intended to streamline the exchange system will be done, following the economic steps announced on Friday.

He underlined that a blueprint will be outlined for the appropriate use of foreign currency, "according to our priorities." The scheme will be submitted to President Hugo Chávez.
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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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