The President of the Bolivarian Republic of Venezuela, Nicolás Maduro, reported this Monday on the entry into force of the anti-inflationary fiscal discipline executed by the Central Bank of Venezuela (BCV).
During a meeting with the economic team, the vice president for the Economic Area, Tareck El Aissami, explained that the marginal legal reserve consists of a program of protection to the financial system of the nation in which 100% of the deposits made to the national banks shall be used for the payment of payroll to workers of the Homeland.
He explained that this allows the money supply not to be used to recycle nor be used in commercial loans for the purchase of speculative currency.
This measure is part of the program for Economic Recovery, Growth and Prosperity promoted by the National President.
