Venezuela extends state of economic emergency

Venezuelan President Nicolas Maduro extended a nationwide state of economic emergency for 60 additional days Saturday in order to guarantee the population access to basic services. 


Published in the official journal number 6.298, the text explained that the measure means to "defend and guarantee citizens a dignified life, to protect them against threats, to maintain the constitutional order, to restore the social peace that guarantees an opportune access to basic goods and services, so they can enjoy their rights in an environment of peace and stability." 


Article 236 of the Bolivarian Constitution allows Venezuela's head of state to prolong a 60-day state of emergency, allowing the government to implement exceptional measures in the realm of economic production and food distribution. This is the seventh time Maduro does so. 


The state of economic emergency was implemented in the first place when the Bolivarian government declared that an economic war was being waged against the Venezuelan people. The drastic and serious measures aim to restore economic security, to contain the high levels of inflation in the country amid low levels of oil prices and what Maduro said is an economic boycott by companies

Source: NNA