Venezuela
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 1983 , pp 651-686
- Publication Date: December 1983
- DOI: https://doi.org/10.18356/50018664-en
- Language: English
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For the economy of Venezuela the year 1983 represented both a culmination of trends observed in the preceding year and a radical change in some basic features. Thus, for example, the aggravation of pressures that had been building up since the end of 1981 on the external front made it necessary to modify the foreign-exchange system. The abandonment after almost 20 years of a fixed single exchange parity and of an exchange system totally devoid of quantitative restrictions and their replacement by a multiple exchange-rate system and a controlled foreign-currency market represented the initiation of a first phase in an abrupt and difficult adjustment process.
© United Nations
ISBN (PDF):
9789210583275
Book DOI:
https://doi.org/10.18356/6b1a1816-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Venezuela
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