Maduro Highlights Strength of Venezuelan Financial System

Caracas, Jul 4 (Prensa Latina) President Nicolas Maduro highlighted the strength of the country”s public and private financial system facing the economic sanctions imposed against Venezuela.

During the central ceremony on occasion of the 10th anniversary of the nationalization of the Bank of Venezuela held on Wednesday, the president called to achieve 100 percent of bank socialization in the country, that is, all Venezuelans to have an account.

Maduro noted this indicator covered only 43 percentage points one decade ago, while 90 percent of the population are currently included in the country’s financial and banking system.

The head of State stressed the importance of moving forward in a process of democratization of direct credit to all Venezuelan producers, as well as expanding electronic services for banking transactions.

Maduro also announced the implementation of the new currency exchange system in 25 branches of the Bank of Venezuela, distributed throughout the national territory.

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