VENEZUELA: Value of the petro will be located in Bs.S. 3.600
President Nicolas Maduro Moros states: "Each petro is equivalent to 60 dollars or more, each petro will have a value of 3,600 sovereign bolivars and will be the fluctuating unit of account that will serve to fix the value of labor and the price of consumer goods."
"We are going to fix with the petro as a Venezuelan account unit, as an average conversion. We are going to convert the petro for the anchoring and movement of the whole economy, especially for the fixing of wages and prices, "said the Head of State on the radio and television chain from the Miraflores Palace, who announced that from 20 August this will be the new unit of account to restore a balance of the value of work and the establishment of fair prices.
He pointed out that for the elaboration of this program they have consulted with international experts and with all the communal and union movements of the country. "We are preparing a program made in Venezuela, with a national bill. Here is not the International Monetary Fund sticking its claws, "he said.
He stressed that the economic announcements are part of the Growth and Economic Recovery program, which "aims to replace and end the criminal dollar, the criminal pricing system, as well as recover the purchasing power of all Venezuelans. Establish equilibria new and healthy macroeconomics! "
"It is the new unit of account to establish a balance, to establish the fair prices of the country," said the president, who asked the people to empathize with the new economic scenario, because "the country does have a way out, the country does have a way" .
This is the "new scheme of fixing the value of wages, prices and services," said the president, commenting that "it is the new rules of the game for the economy to turn the whole tortilla to the mechanisms of economic warfare that they sought exhaust the productive capacity of the country ".
"We are in a great fight for national independence, fight for the dignity of Venezuela, our dignity," added Maduro.
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