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Trade policy in Venezuela (Inglés)

In February, 1983, Venezuela ended the convertibility of the Bolivar and implemented multiple exchange rates, exchange controls, and import licensing as a means to rationing foreign exchange and encouraging import substitution. Further to this, in December, 1986, the government devalued the Bolivar and announced a series of changes in tariffs, exchange control procedures, and export incentives. This report analyzes the policies based on information...
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