The president of the Caracas Stock Exchange, José Grasso Vecchio, indicated during an interview last week that there are positive expectations regarding the stabilization of the Venezuelan economic system.

The executive stated that the institution is receiving numerous calls from investors around the world, which indicates a favorable opening to the national economy.

Local and foreign investment play a fundamental role in the recovery of the financial system, which, according to Grasso Vecchio, is “ready, stable, regulated, and interested in serving as a bridge to channel the flow of investments into the country.”

Regarding the exchange rate gap, he indicated that thanks to the easing of sanctions and the opening of the oil sector, a steady influx of foreign currency into the market has been achieved, which helps stabilize the exchange rate, with positive projections for the macroeconomic outlook.

The president of the Stock Exchange advocated for maintaining optimism in the face of the current situation. “It’s a great time to be positive, to support all this economic activity that is coming and that will help guide these results.”

M.Pino

Source: alnavio

(Reference image source: Jose Vazquez on Unsplash)

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