Venezuela will boost supplies of dollars to importers as it seeks to alleviate a shortage of goods that is fueling the fastest inflation in the region, central bank director Armando Leon said.
“In the next two months, the supply of goods and services should normalize,” Leon said in a telephone interview from Caracas yesterday. Inflation will slow from May, when consumer prices rose a record 6.1 percent, he said.
The U.S. currency will be offered through auctions that will begin early in the second half of the year, Leon said. Unlike an earlier system, which was abandoned after one sale in March, small and medium-sized companies as well as individuals will be allowed to enter bids, he said.
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