The Venezuelan government’s re-introduction of SICAD foreign exchange auctions amounts to yet another devaluation of the bolivar. But with the authorities unlikely to present a lasting solution to the economy’s fundamental lack of hard currency, shortages of many imported goods will ensure that inflation remains high and that the economy will struggle to grow.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services