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Article: Central Bank director criticizes Venezuela's exchange control system
- Article from:
- AP Worldstream
- Article date:
- July 30, 2003
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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Dateline: CARACAS, Venezuela
A Central Bank director urged Venezuela's government Wednesday to
speed up the flow of dollars, warning that a strict currency exchange
control system is strangling prospects for economic recovery.
President Hugo Chavez imposed the controls during a general strike
in January, trying to protect the bolivar currency as panicky citizens
rushed to take their savings abroad.