Ministers should explain the feasibility of the budget



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Caracas.- The head of the Economic Commission of the National Constituent Assembly, Andrés Eloy Méndez, said that "the ministers go to the ANC" because they must explain "how feasible is the 2019 budget? What is PDVSA's production strategy, food ? "He added the need to continue to protect workers' wages

From their point of view in the Venezuelan economy, exchange rates follow the price of the dollar. And in that sense he explained that the meat is a marker of the whole basic basket, item that gives price to other items. "Two weeks ago the position of the cattle was at 145 and in the last 15 days the rebellion of the bourgeoisie decided to disassociate from the dollar and took the cattle to 620."

Thus, if we measure the salary in meat, according to Méndez, in Brazil the salary is equal to 32 kilos of meat. "In Venezuela we can start with a salary of 20 pounds of meat." What is more urgent is the stability of the sovereign bolivar, the price and the salary, he added.

Dicom about to die?

For the head of the ANC's Economic Commission, Venezuela has two ways to bring dollars: through PDVSA's oil and, secondly, through debt refinancing, both are blocked, Mendez says at the time. adding that "before releasing exchange control we said that the salary is $ 30, half of Petro, and that the mobility of the dollar did not matter because the salary is anchored in Petro." At the time, it was also pointed out that wages would be adjusted according to the mobility of the monetary reference.

According to Méndez, "there are no foreign exchange offices open, Dicom is at 79.56 and prices paid by people outside", that's when I wonder if Dicom is a solution or an obstacle. He also referred to the need to revise salary anchors, the real value of Petro and "what we are going to do with Dicom."

Petro backed

As he stated, Petro is the first active cryptography sovereign. The other 1,500 digital currencies that exist in the world today are not supported. This currency does not pass through the international banking system.

"The gringos give him accounts to deal with coins in the world, but they give him a code, which is the magnifying glass of the CIA, the Department of State and the Treasury Department, so the silver is yours, they block them."

He said the sanctions have the consequence that the ties of the Republic can not be bought by anyone, we will refinance the bonds to continue advancing and they sanction us again, "argued the voter.

Increase wages

Another aspect addressed by the constituent in a program recently broadcast by VTV was that related to salary in the business sector. In this sense, he asserted that he had asked entrepreneurs to increase their wages in the country as they increased their inventories by the same percentage.

Mendez adhered to the appeal made by the constituent and economist Jesus Faría: the most urgent is the currency stability.

Finally, he asked himself: Why do everyone prefer to trade in dollars? because while the bolívar is devalued, people are looking for an exchange shelter, Mendez said.

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