Oil and Energy ministry Rafael Ramirez speaks to reporters in Caracas
Oil and Energy ministry Rafael Ramirez speaks to reporters in Caracas, January 22, 2014. Venezuela's government announced Wednesday that it will modify exchange controls in force for over a decade, to create a new system of "bands" to determine the U.S. dollar price. The long-awaited reform maintains the official exchange rate of 6.3 bolivars per dollar for essential goods such as medicines and basic foods, but also allows currencies to be sold at a higher rate through "complementary" systems. REUTERS/Jorge Silva (VENEZUELA - Tags: POLITICS ENERGY BUSINESS)