BCV director insists forex controls are essential

According to Central Bank of Venezuela (BCV) director Domingo Maza Zavala, the foreign exchange controls implemented by the government Thursday are essential for control of the economy, particularly in such troubled times.

"These exchange rate controls, in these extraordinary circumstances that Venezuela is living through are absolutely necessary, because we are in a real emergency situation."

The BCV director acknowledged the strong opposition to the controls from Venezuela's business sector,

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