Economy boost for Venezuela

Venezuelan President Hugo Chavez has announced new measures to boost the country’s economy.



He will be injecting $5 billion into the country’s domestic market.



Mr. Chavez says the government also plans to increase the supply of dollars at the official exchange rate.



This would be welcome news for importers, who have been forced to exchange currency at black market rates significantly higher than the government\'s official rate, because of strict exchange controls.



President Chavez has also acknowledged that the government body dealing with the administration of foreign currency has slowed delivery of dollars at the official rate because of the economic downturn.