Latin America

Bacchus4.0

(6,837 posts) Thu Mar 21, 2013, 09:22 AM Mar 2013

Hit by food, medicine shortages, Venezuela to auction dollars to businesses for imports

http://www.thehindubusinessline.com/news/international/hit-by-food-medicine-shortages-venezuela-to-auction-dollars-to-businesses-for-imports/article4528811.ece

Caracas, March 20: The Venezuelan Government plans to auction dollars to private businesses that sell food, medicine and other basic goods amid widespread shortages.

Planning Minister Jorge Giordani said yesterday the initiative aims to provide such sectors the dollars they need to import goods. Products like flour, coffee and butter have disappeared from store shelves in recent months.

Venezuela has maintained strict currency controls since 2003, creating a black market that now sells dollars at over triple the official rate of 6.3 bolivars.

Falling oil exports and foreign investment have helped dry up the dollar supply.

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Hit by food, medicine shortages, Venezuela to auction dollars to businesses for imports (Original Post) Bacchus4.0 Mar 2013 OP

Only the running dog capitalists (1% ers) COLGATE4 Mar 2013 #1

yeah, arepas are so for the 1% n/t Bacchus4.0 Mar 2013 #2

I fogot to use the sarcasm 'thingy' COLGATE4 Mar 2013 #3

yeah, so did I. I got it. Bacchus4.0 Mar 2013 #4

COLGATE4

(14,732 posts)

1. Only the running dog capitalists (1% ers)

Reply to Bacchus4.0 (Original post)

Thu Mar 21, 2013, 10:54 AM

Mar 2013

really need such bourgeois products as flour, coffee and butter. Think of the Bolivarian Revolution - a few minor sacrifices for the good of the many. FORWARD!! JUNTOS VENCEREMOS!!!