The dollar price in Venezuela it was above 4 digital bolivars during the weekend, in the midst of the Government’s quest to increase Russian investments, for which it offers legal guarantees.
At the opening, the exchange rate was quoted at 4.23 bolivars per dollar in the parallel or informal market, according to data from the platform DolarToday.
Caracas today expressed its interest in increasing Russian investments in Venezuela and offered Russian businessmen not only attractive offers, but also legal guarantees in the context of the US sanctions against the Caribbean nation.
“We are sure that Russian businessmen will be interested in investing in the projects that we present in our portfolio.“Venezuelan Vice Minister for Foreign Trade and Investment Promotion, Héctor Silva, told Efe within the framework of the II Russia-Venezuela business meeting.
The official, also director of the International Center for Productive Investment (CIIP), an entity created to promote and protect investments in Venezuela, assured that the country “has a very robust legal framework, the law of productive foreign investment (…) that facilitates the acquisition of investments ”.
The foreign investment law, also known as the “Anti-Blockage Law” and which was approved in 2020, seeks to protect foreign entrepreneurs who invest in Venezuela from the possibility that they are sanctioned by the United States Department of the Treasury.
With information from EFE
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