Venezuela Government denies implementation of "economic package" on currency change



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The Venezuelan government on Friday denied the application of an economic "package" to the population by eliminating five zeros from the bolivar, a currency that will be separated from the dollar to index the Venezuelan petro-cryptomoeda and the value of the oil. 19659002] "This is not a" pacotaço "to enrich the small at the expense of the majorities, we continue to promote the collective and integral development of the Venezuelan people and to be an example in distribution, equality , inclusion and social justice ". the Minister of Popular Power for Industries and Production.

At a press conference in Caracas, Tareck El Aissami explained that a new economic program, based on currency conversion and social protection, is under way, across the country map (promoted by the government party), which subsidizes the price of goods and services, as well as the indexing of the bolívar to petro and the consolidation of the electronic payment structure.

The announcement made by President Nicolás Maduro on Thursday to convert the currency by removing five zeros, extinguish the bolívar dollar indexing it to petrol and connect the Venezuelan cryptomoeda to oil prices, is questioned by the population , who says that they can not do new accounts, and by economists, who accuse the government of impromptu.

"Petro does not exist as such, you can not index something that does not exist, to be able to perform this indexing there must be a currency (currency) recognized in the world and that can be exchanged in any p (…) With petro, there is no transaction, no purchase, no exchange, no sale and no d & # 39; 39, use in a market, "said economist Manuel Sutherland to reporters.

The economist Víctor Álávez, a Venezuelan award for science, explains that "it is easier to group the numbers three to three than to take five zeros instead of six."

"It's not just about taking zeros out of the bolivar, but" he said, pointing out that the head of state's announcements reveal that Venezuela is "on the verge of". a monetary chaos, a collapse of the means of payment. "

Analysts and economists complain about the Venezuelan government's request Measures to promote local agricultural production and fight against hyperinflation

Several people said Friday at the Lusa news agency that they did not understand what the currency would look like, because "in Venezuela everything is millions", reducing three Assam zeros for thousands and the withdrawal of two other zeros creates difficulties.

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