Venezuela c bank seeks easing of forex controls

The central bank of Venezuela has appealed for a relaxation of the foreign exchange control regime currently in place. Domingo Maza Zavala, a central bank director, said the bank has called on the finance ministry to ease the controls because the restrictions were serving only to deepen existing distortions in the economy.

Source: Financial Times

Venezuela's central bank on Monday appealed to the government to relax its draconian foreign exchange control regime to prevent the country's troubled