Chavez Economy: Difference between revisions
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<center>[[Image:Chavez.jpg|thumb|Description]]</center> | |||
=Economic Policies= | =Economic Policies= | ||
#Currency Control Systems | #Currency Control Systems | ||
Revision as of 16:26, 10 April 2006
Economic Policies
- Currency Control Systems
- In order to prevent capital flight in Venezuela, President Hugo Chavez has used many forms of currency controls. Chavez has used tactics of suspending all trading of the Venezuelan national currency, the bolivar, as well as imposing a fixed exchange rate to protect foreign reserves and to keep the economy out of the control of foreign investors who would take advantage of the country. Credit Card spending by abroad Venezuelans have been limited to $2,000 a year.
