MORE: Venezuela to Audit All FX Distributions, Maduro Says

Venezuela will audit all dollars distributed by currency board Cencoex at the official FX rate in 1H14, President Nicolas Maduro says on state TV. * “We have to have a currency system that is stable, with resources invested correctly,” Maduro says * “Wait and see how international reserves behave in the coming weeks,” Maduro says * Venezuela has resources guaranteed for 2014; country in “good financial health”: Maduro * Govt ministers to conduct economic inspections every Wed and Fri to guarantee production, prices, supply: Maduro * Venezuela inflation “induced”: Maduro * Venezuela will conduct “fiscal revolution”; announce details in coming weeks: Maduro * Venezuela had FX inflows of $20.5b in 1H14: Economy VP Rafael Ramirez comments during Maduro’s address * Maduro to revise economic ministries July 22, 23; announce govt revamp Aug. 11

To contact the reporter on this story: Corina Pons in Caracas at crpons@bloomberg.net

To contact the editors responsible for this story: Andre Soliani at asoliani@bloomberg.net Philip Sanders

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