A person holds Venezuelan bolívars and US dollar bills. File photo.
Venezuelan National Assembly Deputy Jesús Faría has exposed an ongoing currency speculation campaign that seeks to undermine Venezuela’s achievements in macroeconomic stability.
Faría criticized the national and international actors with significant economic power that have have imposed currency speculation and inflationary pressure to create financial anxiety among the population.
He added that these speculative forces in the foreign currency exchange market were unleashed after the July 28 presidential elections.
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He noted that such forces are activated in relation to all elections, given that elections always carry “certain uncertainty.”
However, from a political perspective, sectors with significant economic power at both international and national levels are trying to exploit that “uncertainty” to make huge profits and create problems in the Venezuelan economy.
“With those economic problems comes a political calculation to obtain votes as a result of the discontent they may cause,” Jesús Faría noted in an interview with Globovisión on Wednesday, November 6.
🔴 Jesús Faría denunció que se activó una fuerza especulativa en el mercado cambiario por parte de factores nacionales e internacionales de mucho poder económico.
🗣 Atentan contra la estabilidad para obtener algún resultado político en contra del Gobierno. Aprovechan esta… pic.twitter.com/NPP1zYf7n5
— 𝙋𝙤𝙡𝙞𝙖𝙣𝙖𝙡𝙞𝙩𝙞𝙘𝙖 (@polianalitica) November 6, 2024
In this regard, he pointed out that the fluctuations in the exchange market are not something “casual or spontaneous,” but instead are the result of a well-designed strategy.
He added that this is not the first time that this has happened. On multiple previous occasions powerful economic factors have tried to undermine stability and politically pressure the government as well as profiteering.
(RedRadioVE) by Ana Perdigón
Translation: Orinoco Tribune
OT/SC/DZ
