This piece was reprinted by OpEd News with permission or license. It may not be reproduced in any form without permission or license from the source.
"Regulation of central banking, the monetary system, foreign currency, the financial and capital market system and the issuance and mintage of currency."Under Section Three: National Monetary System, Article 318:
"The monetary competence of National Authority shall necessarily be exercised exclusively by the Venezuelan Central Bank (BCV)."
Its "fundamental objective....is to achieve price stability and preserve the internal and foreign exchange value of the monetary unit."
"The Venezuelan Central Bank is a public-law juridical person with autonomy to formulate and implement policies within its sphere of competence."
Article 319 says it "shall be governed by the principle of public responsibility."
"Failure to do so "shall result in removal of the Board of Directors."
It "shall be subject to oversight by the Office of the General Comptroller of the Republic..."
Next Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).
3
3
1
