Central Bank

This argument that exposes Saman as the reason for the current shortage is also sustained by the own Chavez who released a warning to food companies saying: better not do so because they will regret, is a recommendation, because they can stay without the goat and the rope. It is worth remembering that in 2007 Venezuela suffered shortages of various commodities such as milk, vegetables, chicken and that helped generate the first electoral defeat in December of that year. Are as eye-catching as it is the problem of the shortages in Venezuela, also the extras that are they pay for the import of certain products, as it is the case of powdered milk. In the site Urgente24, was published in yesterday a note about exports of skimmed milk powder from Argentina. Highlights of note is the information about what you provided about the price paid by different countries by import milk powder from Argentina. While the average value of the skimmed milk powder exported per tonne from Argentina amounted to US $1.984, Venezuela paid you to export Argentine companies (specifically, to Sancor) $3.220 per tonne of milk powder, while Brazil paid per tonne $1,624 average to Argentine companies, Veronica, Molfino and Williner for its milk powder.

Before the lower income dollars, probably in Venezuela will have to increase efficiency in the importation of goods of first necessity. This lack of dollars not only oblige greater efficiency in imports but has also slowed, at least for this year, the desire to nationalize new companies. The nationalization of the Bank of Venezuela, currently in the hands of the Santander has even been questioned. It is not that Chavez want to stop the estatizador process, but has many alternatives. Against the emergence of new tensions in the Venezuelan economy, at least seems to be that the impact of the crisis and internal problems in the same, easing the inflationary problem facing Venezuela as happening in Argentina. At least this is what is expected from the Central Bank of Venezuela whose projection of inflation for this year is located on the order of 15%. The stage of reduction of inflationary dynamics in Venezuela before the economic slowdown is a likely scenario, but cannot ignore a possible scenario of economic stagnation with a strong rate inflation at levels that have been observing before a possible retraction in aggregate supply.

From the Central Bank of Venezuela (BCV), has been a great concern about economic growth above the inflationary issue. So that they were recently approved guidelines for monetary policy where stated the BCV to suit the levels of liquidity in banking to maintain the proper functioning of the payment systems, at the time that will stimulate the credit and apply measures to sustain economic activity in the country. This search by sustain economic activity may represent a risk in inflationary terms. In short, the situation in Venezuela is concerned by the progressive deterioration of economic activity, lower oil revenues, and the risk of a reduction in its production, with shortages of basic goods and a Venezuelan Government today concerned about the constitutional amendment and neglecting economic emergencies. In this context, many wonder: how much longer can sustain this situation?


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