Emboldened by him increased oil exportswhich are driving economic growth and helping to keep the exchange rate stable, the Government of Nicholas Maduro is pressuring Venezuelans to use the bolivar more with the help of a 3% tax on purchases made with dollars in tshops, restaurants and supermarkets.
According to Bloomberg, a study carried out by the Caracas consulting firm Ecoanalítica indicates that there was a slight change in the dollar in the days after the entry into force of the tax.
Another report published on Tuesday has recorded a considerable increase in the use of the bolivar in aprilthe first full month after its imposition.
The move is a sign that Maduro is increasingly confident that the economy has managed to hit solid ground after a series of reforms designed to bring the chaotic chavista system towards something similar to the free market, with which he hopes to avoid the return of the hyperinflation that devastated the country for years.
President Nicolás Maduro met with the Iranian Oil Minister
Venezuelan President Nicolás Maduro held a meeting on Monday with the Oil Minister of the Islamic Republic of Iran, Javad Owjiin order to review the work agendas in the hydrocarbon areas.
The meeting takes place at the Miraflores Palace, in which the People’s Power Minister for Oil, Tareck El Aissami; as well as various representatives of the Islamic nation.
During the meeting, different bilateral cooperation agreements in the oil, gas and petrochemical sectors were reviewed, as well as the different alliances that are maintained between the two nations.
It is important to note that earlier, El Aissami had held a meeting with the minister, Javad Owji, to coordinate actions to overcome the economic, financial and commercial blockade imposed by the United States (USA) on Venezuela.