Date: 10 months ago   Category: Markets

Venezuela has surrendered under the pressure of the market


Venezuela will pass to market pricing in the sphere of gasoline, and state regulation will be cancelled. It on air of national television was said by the president of the country Nicolás Maduro. At the same time citizens of Venezuela will be able to count on subsidies from the budget. "We are going to create the direct system of subsidies, with an ascending scale within two years. Gasoline and other hydrocarbonic products have to be on sale at market prices to finish smuggling to Colombia. About 18 billion dollars make losses of the nation because of smuggling of the Venezuelan gasoline to neighboring countries" — Maduro has told. The president called illegal suppliers of the Venezuelan gasoline to Colombia and Caribbean countries mafia against which it is necessary to win. According to him, the authorities will conduct a census of the vehicles belonging to Venezuelans to make lists of those who can count on a new subsidy. Materials on teme00:02 — Dopetrilistrana have wanted to lift on April 30 money on cryptocurrencies, but vulgarly not the taknovy system will replace something former within which subsidies were received not by buyers, but producers and sellers of gasoline and other oil products. It allowed them to establish low prices which didn't change for many years, despite the hyperinflation reigning in the country. Venezuela still is in the first place in the list of the countries with the cheapest gasoline. The present price equals to about one cent for liter. Also Maduro has said that Venezuela is ready to the monetary reform planned for August 20 within which the national currency — bolivar — will be denominated and will lose five zero at once and also will become attached to the state cryptocurrency петро. Its price equals the market value of barrel of oil extracted in the country. It is more than important news in Film of Day Telegram-channel. Subscribe!

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