The Minister of Planning and Finance, Jorge Giordani announced the elimination of exchange rate 2.60 per dollar, which applied for the import of food, medicines, agricultural inputs, raw materials and chemicals.
Now these items will have to be imported by calculating the exchange rate to 4 , 30 Bs, representing a depreciation of 65.38%. What I mean undoubtedly a rise in prices of imported staple foods. According
Venezuela Fedeagro purchase abroad about 70% of primary agricultural products and finished food to meet domestic consumption.
FAO warned in 2011 that will increase food prices worldwide. Now with the devaluation, imported food more expensive will it to Venezuela, while continuing the policy of intervention farms in full production of meat, milk, oil palm, sugarcane, fruit and bananas. This measure
of 3,089 items that were included in the list of goods that were imported to 2.60 Bs have now purchased the 4.30 bolivars outside.
Among the items have to be imported to 4.30 Bs are chemicals and reagents to produce medicines, drugs such as amoxicillin, ampicillin, morphine, as well as human blood, treatments for diseases such as HIV, cancer and x-ray equipment, etc. products related to the health sector. Another fertilizer, harvesters and threshers and other farm machinery.
Among the staple foods will now imported at the exchange rate more expensive, are wheat, milk, beef, chicken, margarine, corn, sugar, coffee, rice, beans, vegetables, oils and other .
Around 3753 items were already being imported at a rate of 4.30 bolivars since last January.
With the devaluation of the exchange rate of 2.60 to 4.30 Bs, remittances are also affected student, family and food imports to supply government to Mercal and Pdval.
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