Professor Richard Obuchi February 24, 2022 at 10:11 am

In times of crisis, only imagination is more important than Einstein conocimiento.Albert already spent nearly two months of 2010 and the new political, economic in the country is serious, coupled with the energy crisis, rationing, expropriation measures taken by the current government, what it represents for the average citizen is not used to it and of course, for companies that need to restructure their production processes, take steps to avoid being affected, over which some are other aspects, resulting from government actions that have impacted significantly on their productivity, such as currencies, commodities, expropriation, nationalization, devaluation, uncertainty. The fact that President Hugo Chavez has already launched its plan for the Venezuelan bolivar devaluation of almost 50% against the dollar.

From now on, instead of a single exchange rate 2.15 Bs-dollar official exchange rate from 2005 – will have a system of three prices: an exchange rate for the staples of 2.60 to the dollar, one for the other items of 4.30 and a market rate. Of course, such action plan as it says Professor Richard Obuchi, professor at the Institute of Advanced Studies in Administration of Venezuela, is an action that the Government had to take place sooner or later, due to significant cumulative inflation since established the official exchange rate, in his opinion, “the negative effects of this policy on the popularity should have prompted the Government to delay this decision as long as possible.” At least until after the legislative elections to be held in September 2010 and that Chavez is facing at the moment, with an approval just under 50%, when a year ago stood at 60%..

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