Maduro recognized "wrong policies" to maintain coffee production

Maduro highlights tax collection and increased use of the bolivar

Maduro called for those who insist on creating a diatribe on the subject to get out of the debate on “whether Venezuela was settled or not”; Consequently, he invited everyone to see and appreciate that the important thing is that there are signs of economic recovery in the country.


The Venezuelan ruler Nicholas Madurohighlighted this Tuesday through a Facebook Live broadcast, the increase in the country’s tax collection due to foreign exchange transactions.

Situation that according to the president, who was in the company of the executive vice president Delcy Rodríguez, is forcing Venezuelans to “use the bolivar more and more as currency.”

“It is a tax that has had a very positive impact on the economy (Tax on Foreign Exchange Transactions) and, without a doubt, the Venezuelan people understand and understand that there is no prohibition, but that different currencies coexist,” he said.

Said statements by Maduro come shortly after a study carried out by EcoAnalítica, in an article published by the Bloomberg agency, where it is stated that foreign exchange transactions “have fallen almost ten percentage points, after reaching a maximum during the first quarter of last year. ”.

“The bolívar has been strengthening with strength, power and real monetary strength, the strength of the market, the strength of economic activity, the strength of a solid activity that produces organic bolívar. Venezuela is recovering,” he said. “The world of the future will be a basket of currencies and cryptocurrencies.”

*Also read: Venezuelan budget is the fourth least transparent in the world, according to a survey

Economic growth

On the other hand, Maduro assured that during the first quarter of the year the country suffered economic growth “above two digits.” However, he did not provide details on the growth figure.

“Today I received the economic bulletin, which they call the Economic Intelligence Bulletin. Important news, Venezuela has experienced growth in the first quarter of 2022 above two digits (…) The growth of the real economy, the stability of the exchange system, the deceleration of inflation are indicators that are showing improvement, “he said . “We have so much to do with so little.”

The president assured that the country is on the “correct path”, to which he added that “Venezuela is recovering”.

Likewise, he indicated that the bulletin registers other aspects of improvement such as the stability of the exchange system and its sustainability and the deceleration of inflation.

In the same way, he pointed out that for the first time in many years “Venezuela reached 70% of the food it produces” while adding that “the goal is to reach 90% this year.”

“What we bring to the plate today is produced in Venezuela. Rice, beans, corn, meat, milk, eggs, everything is produced in Venezuela as a result of this process of complete transformation of the economic system”, he maintained.

On the other hand, Maduro called for those who insist on creating a diatribe on the subject to get out of the debate on “whether Venezuela was fixed or not”; Consequently, he invited everyone to see and appreciate that the important thing is that there are signs of economic recovery in the country.


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