This is a dropper: Pedro Palma says that the extension of the permit to Chevron is favorable for Venezuela

Pedro Palma, an economist, clarified that the 60-day extension of the permit to Chevron does not mean that the American company 'is no longer going to leave and that it will generate a climate of trust'.

Economist Pedro Palma pointed out that the 60-day extension of the permit for the American company Chevron to continue operating in Venezuela is 'something favorable', but he noted that 'this is a dropper'.

In that sense, he highlighted that 'this is a matter that responds to a very clear interest from the US, as to why give up access to Venezuelan oil'.

He argued that Chevron's two-month presence in the country will bring greater availability of foreign currency in the market and therefore, 'it has a positive effect'.

Palma emphasized that Chevron brings to Venezuela a significant amount of foreign currency that it sells in the banking sector and those dollars feed the exchange market, 'because that foreign currency is sold to the private sector'.

Likewise, he mentioned that in the last two months, 'the exchange rate reported by the Central Bank of Venezuela (BCV) has increased by 40%, and the free exchange rate has increased by 50%' and added that the current exchange gap exceeds 37.$FUN