Venezuela will keep the beer taps open — for now
Venezuelan beer lovers got some relief this week when the brewers’ association announced that national beer companies have come up with enough dollars to import the supplies needed to keep taps open and prevent the country from running out of cerveza —at least temporarily .
In a press release issued Thursday, Venezuela’s Chamber for Beer Producers (CAVEFACE) said that brewers have worked “jointly” with the government over the past 30 days to replenish dwindling stocks of barley, malt and other imported supplies. The brewers basically convinced the government to loan them an unspecified amount of U.S. dollars so they can import the supplies.
“In record time we have managed to pay international suppliers for [new] shipments” the chamber said in its statement. “The government paid for this up-front.”
Currency controls in Venezuela force businesses to purchase U.S. dollars from the government to import foreign goods. But with the price of oil plummeting, the petro-dependent nation has been running out of dollars to sell to many businesses, including breweries.