Venezuela announces actions to protect the exchange market

Caracas, Dec 10 (Prensa Latina) The Venezuelan government announced actions to contain the rise of the dollar in the exchange market and protect the official exchange rate.

In response to the instructions of President Nicolás Maduro, we have outlined, together with the Vice President of Economy, Tareck El Aissami, and the team, ‘a set of actions in defense of the exchange market and the official rate, disturbed by the speculative criminal dollar’, Delcy Rodríguez wrote on her Twitter account.

The first vice-president assured that ‘Venezuela will continue to grow!’ and that those who attack the national economy are destined to failure.

Rodríguez highlighted that the financial system, despite the criminal blockade, grew considerably in 2022 ‘increasing its deposits by 210% and its credit portfolio by 420%’.

In a message in the same social network, President Nicolás Maduro pointed out that ‘in view of the attack of the criminal dollar’, I ordered the economic team to take measures in defense of the official rate, for a healthy trade that respects the rights of the people.

We will guarantee a merry Christmas by defeating the mafias. Nobody will stop the economic growth, the President said.

As part of the strategies of aggression against the Bolivarian Republic, in the last years, destabilizing actions targeting the currency, were planned from abroad, as a result, inducing excessive increases in the exchange rate with damage to the value of the national money.

The day before, the Central Bank of Venezuela fixed the official exchange rate of the U.S. currency at 14.12, while in the informal market it exceeded 18.