Forex curbs staying in Venezuela, but may be eased

Venezuela will keep its year-old currency controls in place, boosting its foreign reserves, but the government will try to make them more flexible, President Hugo Chavez said on Sunday 8 February.

Chavez said in a television and radio broadcast "Our international reserves are going to carry on rising, because we are not going to lift the foreign exchange controls".

"We're not going to lift them, but, ah yes, we could make them more flexible. That's part of the plan. We squeezed the tourniquet hard

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.