Arab Today, arab today venezuela\s maduro promises importers overdue hard currency
Last Updated : GMT 16:24:37
Arab Today, arab today
Arab Today, arab today

Venezuela\'s Maduro promises importers overdue hard currency

Arab Today, arab today

Arab Today, arab today Venezuela\'s Maduro promises importers overdue hard currency

Caracas - AFP

Venezuelan President Nicolas Maduro promised to pay back billionsof dollars in government debt to disgruntled importers, after widespread shortagesof basic goods helped fuel months of deadly anti-government protests."We are going to immediately pay back 30 percent of (the total hard currency owedto importers) as a way to move forward on these commitments," Maduro told agathering of business leaders.Importers say they are owed $13 billion, and that the government's slow repaymentis a key factor in shortages of items as basic as toilet paper that leave manyVenezuelans spending hours in lines. Maduro did not put a specific number on whatthe government would repay or how soon.Venezuela -- which sits atop the world's largest proven crude oil reserves -- has LatinAmerica's highest inflation rate -- 57 percent. Maduro's heavily state-led governmentinherited from late leader Hugo Chavez a decade-old system of hard currencycontrols.Last year, Maduro's government fell behind in its delivery to importers of thecurrency they need to buy -- mostly abroad -- basic products, 25 percent of which arecurrently in short supply.Meanwhile Venezuela in recent months has clashed with several internationalairlines, including Air Canada, over billions of dollars the carriers say they wereowed by Caracas and not paid.Anti-government protests have rattled Venezuela since February, leaving at least 41people dead and more than 600 injured, with opposing sides trading blame for theviolence.Protesters are angry over soaring crime, shortages and rampant inflation, amongother woes such as spiraling violent crime.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today venezuela\s maduro promises importers overdue hard currency Arab Today, arab today venezuela\s maduro promises importers overdue hard currency

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today venezuela\s maduro promises importers overdue hard currency Arab Today, arab today venezuela\s maduro promises importers overdue hard currency

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday