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Foreign Exchange Budget 2010

On October 27, 2009, In Economic, By the Editor

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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BCV law reform

On October 27, 2009, In Economic, By the Editor

e project presented by the chairman of the Finance Committee of parliament, Ricardo Sanguino, by a higher central bank’s ability to act more effectively in the development of national economy.The congressman noted that the reform of Article 48 of that Act states that the BCV may receive demand deposits and time, and necessarily, the portion of the lace to be determined form the basis of clearing system, which will operate according with rules issued by that institution. (more…)

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Finance Committee criticized desetima BCV law reform

On October 27, 2009, In Tax, By the Editor

The congressman said that the amendment is related to the design of a new anti-crisis financial-economic architecture of capitalism.”We’re protecting the reform to the Venezuelans,” he stated.The rules adopted BCV will receive deposits of all classes and perform other transactions expressly permitted in this legal standard.”The opposition was used at the time of the fourth republic harmful to economic measures that the Executive take the time, were imposed by starvers packages International Monetary Fund (IMF),” he said. (more…)

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