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Foreign Exchange Budget 2010

Government interested in private sector participation in Foreign Exchange Budget 2010This was announced by Deputy Minister of Industries Intermediate, Efren Martin, in an interview with the Agencia Bolivariana de Noticias (ABN).Martin announced that to achieve that objective will operate a website through which the business can apply for the foreign exchange required.Martin said: “We will launch this Thursday a link on the official website of the ministry, where people who own businesses and need foreign currency for its operation may access and make your request, (more…)

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Calculated at a price of $ 40 per barrel and where it expects growth of Gross Domestic Product (GDP) of 0.5%.Agriculture, transport and communications sectors will be increased funding by the Venezuelan government, which will be used for more than 9,000 million bolivars followed by the industrial sector and trade.For the transport and communications sector is expected to deliver 5.008 million Bolivars that will serve to increase productivity in these areas, (more…)

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The measure is intended to comply with the strategy of the combined offer of bonds for U.S. $ 3,000 million “attractive” to “potential investors”.
PDVSA said it was prepared by the Ministry of Economy and Finance to increase “the attractiveness of the program” from 2014, 2015 and 2016, launched by the oil last week. The acquisition of these instruments “is not part of the foreign currency position of financial institutions”, set by the Central Bank at a maximum of 30%. BCV had announced this week that the bonds at 2019 and-2024 which were recently placed by the Government for nearly 5,000 million also will be part of that foreign currency position of financial institutions. (more…)

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