Venezuelan President Nicolas Maduro has announced a slew of policy reforms aimed at combating speculation and hoarding. New government institutions are also being created to regulate trade and oversee foreign currency exchange.
“We have to make real decisions for the benefit of the economy and society, whatever the cost and whatever happens,” Maduro said on November 6.
Describing the package of reforms as an “economic offensive”, Maduro pledged to “strike hard” at speculators and hoarders.