CARACAS (Reuters) - Venezuelan President Nicolas Maduro said on Friday his decision to allow transactions in dollars in the crisis-torn South American country was "correct" and taken "in the midst of a war."

Maduro, a socialist, accuses the United States of waging "economic war" on the OPEC nation through sanctions on its crucial oil sector. The economy is in its sixth year of recession, marked by hyperinflation, shortages of basic goods, and the emigration of millions of Venezuelans.

In response to a question from Reuters about whether the rise in dollar transactions exacerbated inequality between Venezuelans with access to foreign currency and those without, Maduro said the change had "breathed oxygen" into the economy called on his cabinet to "reflect" on its adverse effects.

"I am conscious of the inequalities that result from this," Maduro told reporters in a rare press conference for international media. "We have an economy of resistance in a situation of economic war."

(Reporting by Brian Ellsworth; Writing by Luc Cohen; Editing by Tom Brown)

Neuer Inhalt

Horizontal Line


WEF 2018

WEF Teaser 2018

Why Switzerland struggles with dirty gold

subscription form

Form for signing up for free newsletter.

Sign up for our free newsletters and get the top stories delivered to your inbox.









Click here to see more newsletters