ESPACIO PUBLICITARIO
CARACAS, Wednesday February 13, 2013 | Update
 
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DEVALUATION

Venezuelan Government formalizes changes in foreign exchange policy

The Exchange Agreement No. 14 was published in the Official Gazette (Photo: TV screen capture)
EL UNIVERSAL
Wednesday February 13, 2013  09:42 AM
The Venezuelan Government decisions on its foreign exchange policy as announced on February 8 were formalized on Wednesday through their publication in the Official Gazette No. 40,108.

The Higher Agency for Upgrade of the Exchange System -established under Decree 9,381- is the body that is to govern the exchange policy above the Foreign Exchange Administration Board (Cadivi).

The Official Gazette No. 40,108 of February 13, 2013 also included the Exchange Agreement No. 14, following the decision to devalue the Venezuelan currency from VEB 4.30 per US dollar to VEB 6.30 per US dollar.
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Gagging Twitter users

Pablo Jiménez Guaricuco was summarily dismissed from his Clerk III job at the Autonomous Service of Public Registries and Notaries' Offices (Saren). He read a notice published in a newspaper on November 5 informing the public that he was no longer employed to the Saren. He was sacked despite the fact that he was taking a leave of absence from work due to a work-related accident, and that he enjoyed security of employment under the parental job-immunity privilege. Most probably, the decision was influenced by his role as a union organizer. But what did he do, besides leading protests, to deserve the sack? Well, he allegedly sent off a series of tweets that definitely hurt the sensitivity of the Saren Directorate.

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