Venezuelan Government vows to "fight speculation"
Venezuela's Minister of Industries Ricardo Menéndez denounced "cowardly campaigns launched by some sectors of the oligarchy," against the adjustment in the foreign exchange rate
The minister denounced "cowardly campaigns launched by some sectors of the oligarchy," against the recent monetary adjustment. Menéndez claimed that the decision to devalue the local currency was based on "sovereignty, and it is different from the decisions made in the 1990s," when the Venezuelan governments "kneeled down before the International Monetary Fund (IMF)."
Menéndez also outlined the different projects on "productive development" that will continue or will be kicked off in Guyana's basic industries (southeast Venezuela). He stressed that significant resources for this purpose both in bolivars and US dollars have been already approved at the meeting of the Council of Ministers held last Friday.
Translated by Jhean Cabrera
Dossier
The chess game of the opposition alliance
The very early morning after the presidential election (April 15), both candidates requested the National Electoral Council (CNE) to conduct a full audit of the process: one, Henrique Capriles, because he asserts that the election results are different from the ones announced, and the other one, Nicolás Maduro, in order to clear any doubt regarding his victory, and to reinforce his political stance. Nevertheless, as it is already known, President Maduro changed his mind.
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