Cuba redux: Millions of Venezuelans survive thanks to "family remittances"
Venezuelans help themselves financially with remittances
By EL NACIONAL WEB
NOVEMBER 27, 2017 11:51 AM | UPDATED ON NOVEMBER 27, 2017 12:04 PM
More and more Venezuelan families receive money from relatives from abroad, which helps to alleviate the cost of food and medicines. This practice has become in recent months a help to the salary of those residing in the country.
The Brazilian Ministry of Labor (MTB) concluded in a study that 54.2% of Venezuelans in the Amazonian land sent their families to their families in October, according to Panorama .
The director of the Institute of Economic and Social Research of the University of Zulia, Alberto Castellano, explained that the sending of remittances in bolivars at a parallel dollar rate represents a double pressure on inflation due to its inorganic emission by the Central Bank to finance the expenditure public, which increases monetary liquidity.
The university professor proposed that only dismantling exchange control can help attract dollars from Venezuelans abroad and boost the economy.
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http://www.el-nacional.com/noticias/economia/venezolanos-ayudan-economicamente-con-las-remesas_213106
