CARACAS (AFP) - Venezuela's National Assembly on Tuesday approved a US$79 million credit (S$98 million) to import toilet paper and other personal hygiene products to relieve shortages in the petroleum-rich state.
The South American OPEC member has the world's largest proven oil reserves but has wrestled with periodic shortages of several consumer goods since price controls were imposed in 2003 under the late socialist leader Hugo Chavez.
"We have consistently denounced the strategy of hoarding and speculation, and the campaign of terror that has spread among the people, forcing them to buy compulsively and fearfully," ruling party lawmaker Jose Avila said.
The government has long accused the centre-right opposition and the United States of plotting to undermine Mr Chavez's self-styled socialist revolution.
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