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Simón Calzadilla proposes four measures to stabilize the economy and increase income

Simón Calzadilla proposes four measures to stabilize the economy and increase income

The leader of the MPV Simón Calzadilla proposed a package of actions focused on the exchange market and the financial system. He assured that they can be applied in the short term and would have a multiplying effect on the economy.


Simón Calzadilla, general secretary of the Movement for Venezuelapresented four measures that, in his opinion, would stabilize the Venezuelan economy and increase national income. The proposals were presented in a video broadcast on his X account.

The economist, former deputy of the National Assembly, explained that the actions are mainly aimed at the exchange and financial sector, with the aim of correcting distortions that affect the performance of the economy.

Calzadilla pointed out as a first point the need to move towards exchange rate unification. “Exchange unification is essential to achieve a stable and transparent economy,” he stated. As he explained, the supply of foreign currency from oil sales must be channeled through the entire national private bank and the reference price of the dollar must be formed by the free interaction between supply and demand.

In his opinion, this mechanism would make it possible to reduce the political bias that, he said, currently exists in the setting of the exchange rate by the Central Bank of Venezuela (BCV). “In this way, the politicized bias that the BCV currently imposes is avoided,” he added.

The leader also highlighted that reducing the gap between the official exchange rate and the dollar negotiated outside the official offer would facilitate the establishment of a single price for the US currency.

As a second proposal, Calzadilla insisted on free competition in the supply of currency. “It is essential that the supply of foreign currency is made considering the entire national private bank,” he said. He considered that this measure would contribute to the formation of a more efficient and transparent exchange market.

Thirdly, he proposed the immediate restoration of bank credit as a key condition to reactivate the economy. “To strengthen financial intermediation, it is proposed to immediately restore bank credit,” he said. To this end, it was considered essential to substantially reduce the legal reserve required by private banks, which would allow them to recover their intermediation capacity and energize the financial system.

The fourth measure is linked to institutional transparency. Calzadilla stressed the importance of all exchange operations being public and that the publication of official statistics be reestablished. “Transparency in the financial system and public administration is crucial,” he stated.

He recommended that the BCV republish all of its statistics, which are currently not available. “This measure will allow adequate monitoring of the economic situation and will strengthen confidence in the institutions,” he said.

Calzadilla concluded that these four actions can be implemented in a short period of time and would have a positive impact on economic dynamics. “They would contribute significantly to economic stabilization and the increase in national income, thanks to their multiplier effect on the economy,” he said.

*Read also: Oil reform opens space for private companies, reduces controls and makes royalties more flexible

*Journalism in Venezuela is carried out in a hostile environment for the press with dozens of legal instruments in place to punish the word, especially the laws “against hate”, “against fascism” and “against the blockade.” This content was written taking into consideration the threats and limits that, consequently, have been imposed on the dissemination of information from within the country.



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