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The data are based on PDVSA's balance sheets and on the reports and account of the Ministry of Food of Venezuela. The information was contrasted with the foreign trade figures of the National Institute of Statistics of Venezuela and with those reported by the Petrocaribe office in the Dominican Republic, the General Directorate of Customs of El Salvador, the Central Bank of Nicaragua and the Guyana Rice Development Board GRDB..
Trade with inconsistencies
The compensation system allowed beneficiary countries of the oil financing offered by the Venezuelan government to pay for their obligations with essential goods, especially food. The business escalated to more than 3,700 million dollars, but the official information of Petróleos de Venezuela (Pdvsa) and the Ministry of Food (Minal) in relation to the products received, is incomplete, and shows inconsistencies with Venezuelan National Statistics Institute (INE) data or information from nations involved in the scheme , a sign of the opacity of transactions.