The long-awaited currency system, which economists see as a way to improve the corruption-ridden exchange control mechanism, would serve as a complement to the foreign exchange auction system known as Sicad, Maduro said.
"We are going to open a new system, Sicad 2, with the reform of the Exchange Crimes Law," Maduro said in a televised broadcast. "(The reform) is almost ready. In the coming hours, we should be putting it out. This will allow more supply of dollars from sources other than the state."
He did not offer details on how the law would change.
The 2010 Exchange Crimes Law gave the central bank exclusive rights over the purchase and sale of hard currency, preventing a legal market based foreign exchange system from existing.
That news pushed the
But delays in the currency control system have left greenbacks fetching nearly
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