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Madura Says Will Tackle Inflation

Madura Says Will Tackle InflationMadura Says Will Tackle Inflation

The Venezuelan government’s toughest challenge is fighting skyrocketing inflation, President Nicolas Maduro said, Xinhua reported. In a televised in-depth interview conducted at the presidential headquarters, Maduro said his priority was to bring the country’s triple-digit inflation under control. According to the government, the factors pushing prices skyward are manmade, including hoarding and price gouging, two practices the right-wing opposition has reportedly used to spread discontent among the people, and manipulating the US dollar-to-bolivar exchange rate. “Today, perhaps the most important and most difficult task, because it does not depend on elements of the real economy, it does not depend on national factors, is controlling the criminal and induced inflation that has skyrocketed due to the criminal dollar,” said Maduro. “Fixing (the value of) this criminal dollar has to do with a political decision by those opposed to the government,” he said. “This coming week, we are going to release a package of measures designed to enforce a maximum price for products,” along with legal measures to punish speculation,” he said.

 

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