ADSactly World - Venezuela and the currency exchange control
ADSactly World: Venezuela and the currency exchange control FEATURES Introduction In the previous article it was covered how private property was systematically attacked under the excusea of protecting people’s right to affordable products and services, when the real intention was simply to expand as much as possible the government’s control over the national economy and making it easier for them to appropriate as many resources as possible. Today, I want to cover another important aspect that has been conditioning Venezuela’s economy for more than 15 years, and explaining why this was, yet another strategy to keep everything that happens in Venezuela under their control. Understanding why a currency exchange control is implemented To completely control the economy of a country it is necessary to implement a currency exchange control, which consists in taking the currency of the country and forbid exchanging it for other currencies. For example, an Ame