Venezuela Calls for Diversifying its Economy as axes for future development

Caracas - The president of the Central Bank of Venezuela (BCV), Nelson Merentes, affirmed that the diversification of the economy and the promotion of a more productive and exporting matrix are axes for the future development of the country. In declarations to journalist José Vicente Rangel, in his program José Vicente Hoy, of the private channel Televen, Merentes specified that the fall in the oil prices, among other causes, forced to apply this politic, also necessary when facing an economic war imposed by the rightwing.

Merentes highlighted that in the sphere of food they are working to replace imports and to approach the producing companies to the consumer.

The official condemned attacks of the adversaries of the government who, with political ends, have devoted themselves to the speculation, the hoarding and even managed to paralyzed the production in states like Táchira and Mérida.

Regarding the participation of the private sector in the Venezuelan economy, almost a 70 per cent, as he said, thought that despite the irregularities detected, the current government has offered more resources in foreign currencies and opportunities to work together for the well-being of the country that any other administration.

With regard to the new exchange system, the president of the BCV added that it is based on three markets, where it is maintained a preferential dollar to 6,30 bolivars for prioritized sectors.

Authorities will apply that price in the case of imports of necessary food, medicines, and to acquire the raw material, goods and inputs for the agricultural sector and the national industry, he underlined.