Venezuela will implement the interbank currency market as announced by the executive vice president, Delcy Rodríguez, who highlighted this mechanism as an economic achievement that will facilitate the connection between banks.

Rodríguez pointed out that “a few months ago a reform of the Insurance Law was approved, which this Thursday is being signed by the Ministry of Economy, Finance and Foreign Trade.”

Furthermore, he indicated that said regulation was prepared after requests from the Banking Association. He added: “One of them is the marketing of low-cost insurance that can be done through banking channels. This will allow us to move forward for the benefit of the Venezuelan people.”

The executive vice president of Venezuela highlighted the permanent dialogue with Venezuelan businessmen, to strengthen the country’s finances with the support of the National Economic Council.

He mentioned some measures that will be taken in parallel with the implementation of the interbank foreign exchange market, such as updating bank fees and commissions in order to “facilitate the use of the bolivar and strengthen monetary sovereignty”; the withdrawal of the banknotes from the previous monetary cone at the request of the national banking system and, in addition, the “Ministry of Finance will offer investment instruments at a general level, for the economic strengthening of the country.”

M.Pino

Source: noticias24hrs

(Reference image source: Unsplash+, in collaboration with Getty Images)

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