Caracas (EFE).- On Friday, Delcy Rodríguez, the interim president of Venezuela, presented achievements from her economic plan, which includes the formalisation of a contract for the export of liquefied petroleum gas and a commitment to provide foreign exchange to the banking system, with the aim of stabilising the country’s exchange system. In a meeting of the National Economic Council, Rodríguez asserted that the foreign exchange the country receives from oil sales will be channelled «through the Central Bank» to private banks for the exchange market system. In Venezuela, the official currency is the bolívar; however, the US dollar and other foreign currencies are used as references to set prices for products and services. Although the Central Bank of Venezuela (BCV) sets the official exchange rate, a parallel market has emerged, causing product prices to vary depending on the currency used for the purchase. In her speech, the interim president called for an «efficient use» of foreign exchange and emphasised the importance of carrying out import substitution to prioritise domestic production, as well as using foreign currencies as a «driver» for the local economy. Additionally, she emphasised that the foreign exchange generated by the oil industry will be used to establish funds, as she suggested on Thursday in a speech before Parliament, with the aim of «increasing workers’ income» and investing in the improvement of public services.
