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Venezuela adopts new system of foreign exchange

Venezuela's Vice President for Productive Economy Miguel Perez Abad (3rd L) attends a press conference at the Manuel Egana Hall of the Central Bank of Venezuela in Caracas, capital of Venezuela, on March 9, 2016.

CARACAS, March 9, 2016 (Xinhua) -- Venezuela's Vice President for Productive Economy Miguel Perez Abad attends a press conference at the Manuel Egana Hall of the Central Bank of Venezuela in Caracas, capital of Venezuela, on March 9, 2016. Miguel Perez Abad on announced a new system of foreign exchange in which there are two exchange rates: "Dipro" for essential goods such as food and medicine (10 to the dollar) and "Dicom" for travelers. (Xinhua/Boris Vergara)

Venezuela's Vice President for Productive Economy Miguel Perez Abad (3rd L) attends a press conference at the Manuel Egana Hall of the Central Bank of Venezuela in Caracas, capital of Venezuela, on March 9, 2016.

CARACAS, March 9, 2016 (Xinhua) -- Venezuela's Vice President for Productive Economy Miguel Perez Abad (3rd L) attends a press conference at the Manuel Egana Hall of the Central Bank of Venezuela in Caracas, capital of Venezuela, on March 9, 2016. Miguel Perez Abad on announced a new system of foreign exchange in which there are two exchange rates: "Dipro" for essential goods such as food and medicine (10 to the dollar) and "Dicom" for travelers. (Xinhua/Boris Vergara)

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