• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Ecuador will sell animal feed to Colombia because of landslide
Alexis Mera gets pre-release after three and a half years in prison
Jorge Glas Unification of Sentences Granted
Ecuador declares illegal mining a threat to state security
International Reserves registered their highest level since the start of dollarization
Government denounces 28 candidates for links to drug trafficking
Constitutional Court dismissed the 7 members of the Council for Citizen Participation and Social Control
Ecuador imported the historic figure of USD 7,646 million in fuels
An Andean bear is released into its habitat after two years in captivity
Ecuador gets ready to vaccinate birds and counter avian influenza

Maduro proposes to increase the price of gas to combat crises

Posted On 22 Jan 2015
AFP

AFP

Venezuela’s President Nicolas Maduro proposed to increase the price of gasoline, which is the cheapest in the world and consumes a millionaire subsidy before the “serious economic difficulties” the country is facing by the fall in the price of oil barrel.

During his speech before the Parliament to deliver his management report in 2014 and announce measures to combat economic crisis, Maduro warned that for a time oil prices “will not return” to the USD 100 of recent years, so the country must be prepared to tackle economic problems.

Among the measures is included a simplification of the official exchange rates of the exchange control, of 12 years in force, which envisages the creation of a market with private participation, plus a minimum wage increase of 15% from February.

He also announced that the official exchange rate of the dollar to 6.3 bolivars will be kept “to protect the economy and society” in Venezuela, while only one Complementary Currency Management System (SICAD) will be kept, instead of the current two.

Regarding the long lines of shoppers of consumer goods in supermarkets, he assured that the “mafias” of private networks of food distribution “hide” products to irritate the people and generate a destabilization to overthrow him.

About the Author
  • google-share
Previous Story

Argentina’s opposition starts protests by Prosecutor Nisman´s death

Next Story

Legislative commissions will define the priority of of pending laws

SEARCH

LATEST NEWS

Ecuador will sell animal feed to Colombia because of landslide

Posted On 27 Jan 2023

Alexis Mera gets pre-release after three and a half years in prison

Posted On 27 Jan 2023

Jorge Glas Unification of Sentences Granted

Posted On 27 Jan 2023
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net