The Vice President for Communication, Culture and Tourism, Jorge Rodríguez, informed that all the elements of the Recovery and Economic Prosperity Plan announced by President Nicolás Maduro last Friday, August 17, are being met.
“It is a complete plan, it is a plan with nine strategic objectives, with more than 25 tactics, which has been designed and reviewed daily by President Nicolás Maduro, so that there is no delay in the implementation of the elements of the plan”, said Rodríguez from the Simón Bolívar Hall of Miraflores Palace.
Among these aspects, he listed the monetary reconversion, the defense of work, the anchorage of the Bolivar to a real value – the price of the oil barrel – tax reform, tax reform, exchange system, development of new legal instruments.
He denounced that before this plan was given, the private economic factors realized a “brutal” increase of dollarization of all the prices of the economy while simultaneously exterminating the salary of the workers.
Anchoring the economy:
Rodríguez reiterated that from the application of this plan the Venezuelan economy will be anchored to a real value, which fluctuates based on oil prices.
He explained that the reference price in which the relationship between the Petro and the Sovereign Bolívar was established is below the real price of a barrel of Venezuelan oil at this moment, remaining at $ 60 a barrel.
“To avoid, to prevent, so if there are any downward fluctuations- and it is not expected in the panorama for that to happen – we are sufficiently protected”, he specified.
He recalled that from these calculations a Petro equals BS. 3,600.
