Venezuelan cb urges easing of forex controls

Source: Reuters

A Venezuelan central bank director on Wednesday 4 June rebuked the state currency control board for its slow allocation of funds and warned the country's recession would worsen without a swift release of dollars.

Armando Leon, one of the directors of the Venezuelan Central Bank, urged the foreign exchange board Cadivi to ease its stranglehold on access to hard currency, which the battered economy badly needs for growth.

"We are getting into an extremely complicated and difficult

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