🇻🇪José Guerra warns that stopping inflation in September consumed 65% of oil income
According to his estimates, the massive intervention in the foreign exchange market to contain the official dollar quotation has required 65% of oil income.
“The cost in terms of foreign currency is phenomenal: 65% of oil income to slow down something in the inflation rate. What’s worrying is that the transfer effect of the exchange rate adjustment to prices still remains greater than one,” the economist said.
🔗Economic logbook
🇧🇷 | NOW - BRAZIL VOTES: 11 countries have already voted:
Lula: 6 wins (New Zealand, South Korea, Malaysia, Singapore, Australia, and China).
Flavio Bolsonaro: 5 wins (Philippines, Hong Kong, Japan, Thailand, and Indonesia).
🇻🇪Venezuela’s election: Vente Venezuela reaffirms María Corina Machado’s willingness to meet with Delcy Rodríguez to «accelerate» the democratic transition
🇪🇸REPORT BY THE SPANISH
🇻🇪Delcy and Koldo negotiated setting up a bank in Venezuela to launder money from bribes and from Venezuelan oil
Delcy Rodríguez and Koldo García negotiated the creation of a financial entity in Venezuela during their meeting held in Caracas on October 8, 2021.
The scheme aimed to use this bank to move and launder funds allegedly originating from bribes in public contracts in Spain and from the Venezuelan oil business.
García traveled to the Venezuelan capital nearly three months after José Luis Ábalos left the Ministry of Transport.
🔗ElEspañol
#venezuela #español #brasil #petróleo #DelcyRodriguez $BZ $CL
According to his estimates, the massive intervention in the foreign exchange market to contain the official dollar quotation has required 65% of oil income.
“The cost in terms of foreign currency is phenomenal: 65% of oil income to slow down something in the inflation rate. What’s worrying is that the transfer effect of the exchange rate adjustment to prices still remains greater than one,” the economist said.
🔗Economic logbook
🇧🇷 | NOW - BRAZIL VOTES: 11 countries have already voted:
Lula: 6 wins (New Zealand, South Korea, Malaysia, Singapore, Australia, and China).
Flavio Bolsonaro: 5 wins (Philippines, Hong Kong, Japan, Thailand, and Indonesia).
🇻🇪Venezuela’s election: Vente Venezuela reaffirms María Corina Machado’s willingness to meet with Delcy Rodríguez to «accelerate» the democratic transition
🇪🇸REPORT BY THE SPANISH
🇻🇪Delcy and Koldo negotiated setting up a bank in Venezuela to launder money from bribes and from Venezuelan oil
Delcy Rodríguez and Koldo García negotiated the creation of a financial entity in Venezuela during their meeting held in Caracas on October 8, 2021.
The scheme aimed to use this bank to move and launder funds allegedly originating from bribes in public contracts in Spain and from the Venezuelan oil business.
García traveled to the Venezuelan capital nearly three months after José Luis Ábalos left the Ministry of Transport.
🔗ElEspañol
#venezuela #español #brasil #petróleo #DelcyRodriguez $BZ $CL
