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RE: Venezuela's New Dilemma: The Law on Foreign Exchange

in #politics6 years ago (edited)

So far the first person to attempt to explain any potential change about the foreign exchange laws is Jose Vicente Leon. As far as I understood, the guy stated that even though the situation might be solved, the government is probably looking for a dual system that will ultimately fail to destroy the black market. He also said that even ifthe gov opened itself completely, they still need a LOT of changes to bring back the lost trust upon our market (e.g.: getting your company/whatever econimically profitable project expropriated).

So yes, let's see how this goes. Personally, as curious as I am as to how would Venezuela be with a historical 1 million percent inflation, I definitely prefer the better option.

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" bring back the lost trust upon our market" this is the hardest part, because noone really believes in them. I prefer the better option, too.

I've got a few ideas, but half of them begin with "take the madmen out of Venezuela's government" sadly.