The Presidential Commissioner for Foreign Relations, Julio Borges, assured that the imposition of a new monetary cone in Venezuela will be a new failure.
“The dictatorship has removed 14 zeros from the currency in 13 years, they have made 3 currency re-conversions, they have drawn up multiple economic plans and the results are always the same: hyperinflation and impoverishment,” Mr. Borges recalled in a message posted on his official Twitter account.
The highest diplomatic representative of the Legitimate Government emphasized that Venezuela is the Latin American country that has taken away the most zeros from its currency.
“This new monetary cone only serves Maduro and his black economy, not Venezuelans, who are getting poorer every day because of a failed economic model,” he said.
Finally, Borges affirmed that the dictatorship cannot solve the economic crisis.
“This requires a macroeconomic stabilization program, led by a democratic government, that inspires confidence, controls inflation and returns to growth,” he concluded.