Americas

Economists Divided Over Venezuela's New Forex Systemi
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March 28, 2014 10:45 PM
In the midst of ongoing anti-government protests, the Venezuelan government has introduced a new currency exchange system to reduce the soaring black market for dollars, which has contributed to food shortages and high inflation in the country. VOA’s Brian Padden reports that both liberal and conservative economists support this move, but are divided over whether the measure is strong enough to stabilize the economy of this oil-rich but troubled country.

Economists Divided Over Venezuela's New Forex System

Published March 28, 2014

In the midst of ongoing anti-government protests, the Venezuelan government has introduced a new currency exchange system to reduce the soaring black market for dollars, which has contributed to food shortages and high inflation in the country. VOA’s Brian Padden reports that both liberal and conservative economists support this move, but are divided over whether the measure is strong enough to stabilize the economy of this oil-rich but troubled country.


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