Venezuelan minister: economic moves seek financial sustainability

In a brief statement, Venezuela's Planning and Finance Minister Jorge Giordani remarked on Wednesday that the devaluation of the Venezuelan currency and the incorporation of the Higher Agency for Upgrade of the Exchange System, both announced on Friday, aimed at financial sustainability based on the available resources in terms of foreign currency.

In a brief statement, the minister added that the Government seeks the rational and fair use of US dollars. Giordani pointed out that the announced actions are systemic rather than individualized.

He said that the move also seek to make economically and financially feasible the plan of the homeland.

Giordani stressed that all government institutions are operating regularly and that technological platforms were modified to fit the changes.

Translated by Jhean Cabrera