Alejandro Grisanti, an economist, commented that the amount of cash in foreign currencies circulating in the Venezuelan economy has been significantly decreasing.
The Venezuelan economist, Alejandro Grisanti, indicated that no "generalized caps or quantitative restrictions on currency purchases" are expected.
In that sense, he pointed out on his social media that what seems to be gaining traction is something much more significant: "the approval from U.S. authorities for the cash remittance flow in dollars to Venezuela."
He stated that 'this happens at a time when the country is facing a growing cash shortage' and added that 'there are no upcoming allocations, what is coming is cash.'
Alejandro Grisanti noted that due to the natural wear and tear of bills, the export of cash for banking abroad, and the incentive created by the IGTF to keep dollars under the mattress, 'the amount of cash circulating in the Venezuelan economy has been significantly decreasing.'
He pointed out that a first batch, 'although still modest, is expected for July, which would begin to partially alleviate this situation.'