Maduro’s plan to lend dollars to Venezuela’s banks | International | Notice

Karakas –

Venezuela has not yet made the dollar de facto.

After years of cambios control strict and sanctions against women in the dollar in the parallel market, President Nicolás Maduro announced that they Venezuelan banks may be required to receive deposits in divisions and facilitate its use of the property and services.

“If the accounts of ahorros, current accounts in divisions and the people can pay the price of the month in bolivars”, Maduro said in an interview interviewed by the chain Telesur the first step of the year.

Reuters follows the agency, some banks have been issued to issue debit cards for customers who have shared accounts.

It is estimated that more than 55% of the transactions in the country are carried out in dollars, a recent trend tolerated by the authorities which is predictably increased with the authorization to the banks.

La lost value of bolivar constant, the national currency of Venezuela, has risen to the brink of hyperinflation and has aggravated the various difficulties of the economic crisis for the population, which is looking for more than the dollar and other divisions as alternatives.

Bolivar, the national currency of Venezuela, has no value in losing value. (Getty Images)

What does the new system consist of?

Luis Vicente León, of the consultant Datanálisis, told BBC Mundo that “in reality, the governing body alone recognizes a practice that exists for a more stable legal mark”.

There is a large amount of operations in dollars, many commerce enfrentaban al donema de donde depositarlos. The banks will start in the last year to close the custodian accounts, with which the custodians’ possibility of their debts will be covered, but they will not operate with them.

For bargains as supermarkets of the comfort zones of Karakas, which invoices large amounts of dollars in effective each day, this is a partial solution to poner en lugar seguro sus ganancias.

And the Venezuelan bank is the engineer to create mechanisms that sort out the legal restrictions and allow those dollars to be used as a guarantee in the transactions.

The novelty is that now companies and particular people can empress to use their dollars in property purchases and services using electronic payment media habitats such as debit cards.

Henkel García, expert of the Econometric company, explains: “In reality, what is happening is a change of operation. of the day “.

Many businesses bill large amounts in dollars in effect. (Getty Images)

Agreed with Luis Vicente León, “is system facilitates transactions, ya que hará más fasils los pagos “.

Effectively, paying for whatever is with a frequency of one complicated area in the country. The efficiency in bolivars escalates from year to year, and the failures in the electrician and the communications use the electronic terminals of payment.

Además, pese a que cada vez hay más dólares, casi no hay billetes pequeños en esta moneda, lo que muchas veces dificulta what can pay with the exact import.

Are these problems the solution?

“To facilitate transactions, the governing body will reactivate the economy”, affirms Henkel García.

León apunta otra-kloof: “As many operations now have formalities, the governing body will increase its tax revenues”.

“The governing body has no choice but to oblige the people to use the bolivar the only thing that provokes you to be a black market in dollars every mayor,” added the expert.

Authorization for banks to operate with dollars and other divisions take one more step on the aperture line that in the last months we will see the Venezuelan socialist governor, who during these years is characterized by his politics andstatista en sus beperk a la actividad privada.

Maduro recently impulsively called the “Ley Antibloqueo”, with which it proposes to attract international investors to revive an economy that has lost more of the value of its value since it came to power.

And this 27th year, Jorge Rodríguez, considered one of the most influential leaders of the chavismo, met with the Fedecamars directive, the mayoral organization of empress emperors, with which the governing body traditionally has a conflicting relationship.

Leon indicates that “The economy is abiding, because the governor has changed his philosophy, because he loses his ability to control.

“Before there were two dollars worth of dollars in the country and tenure recourse to compete with the private sector and not obedience, the United States sanctions the dejaron without access to the division and can operate in international markets,” because now the private sector is the only one to ensure the peace of the country “.

The analysts signal that with the new system the goberno busca reduces the obstacles to the circulation of the money.

But the following traces are a lot.

It will be possible to impose such a small amount on housing in countries with normalized economies such as transferring dollars from another bank to another.

The sectors of the population that do not manage dollars will have a longer duration. (EPA)

“This requires the participation of a central bank guaranteeing this system and the Central Bank of Venezuela the international sanctions impiden jugar ese papel “, indica Henkel García.

And the Superintendency of Institutions of the Banking Sector (Sudeban) issued a circular on the go to the banks to grant credits in foreign currency and record that entities require a prior authorization in all its operations, which may limit the scope of Maduro’s announcements.

In any case, the experts, those who nto benefit from potentials New system sales will include the many Venezuelans who only have access to bolivars, a majority and disadvantaged sector of the population.

Change of tone in the gobierno

Nicolás Maduro’s governor has been charged with embezzlement of the dollar, considering a “criminal” currency that the “imperial empire” used in its “economic war” against Venezuela, for which Maduro is referring now to one “válvula de escape” for the economy.

The end of the control of changing shifts in the country during years has shown that the type of change in the parallel market is now very similar to the official market.

As of, Henkel García cries that whoever has access to dollars “has allied requests to deposit his funds in a control system a governor who does not inspire confidence “.

“Loose dollars that enter the system will be the minimum necessary for transactions, but the person who can make sure he hears in the books outside or guards the money in his house “.

It is in the arcs of a state mermaid by years of ineffective policies and by the sanctions of the United States acoutjan cautela.

“No parece probably and este momento, pero Latin American governors always held the temptation to retaliate as the Argentina in 2001 “, advised Garcia. (I)

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