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The government of Venezuela declared a state of emergency on Wednesday in response to a devastating earthquake that struck the country, claiming dozens of lives and leaving widespread destruction in its wake. In accordance with the state of emergency declared by the government, Caracas Stock Exchange authorities have decided to suspend trading on Thursday.
According to a statement released by the Stock Exchange, trading was put on hold due to the ongoing emergency situation. The statement noted that the priority at this moment lay in providing support to those affected by the earthquake and that the decision to suspend trading came in response to the government’s request to mobilize resources to support relief efforts.
Furthermore, it has been announced that the Caracas Stock Exchange’s headquarters will start operating as a collection point for relief supplies from Friday. Essential items including non-perishable food, bottled water, diapers, dressings, and paracetamol will be collected and distributed to those affected by the earthquake, underlining the commitment of the Caracas Stock Exchange to contributing to the humanitarian effort in this difficult moment.
The Stock Exchange stated that its staff, along with volunteers, will be available at its headquarters on Friday to receive the donations, and that efforts will be made to distribute the relief supplies promptly to the most affected areas.
The decision to suspend trading and convert the Stock Exchange into a collection and distribution centre reflects the government’s determination to tackle the crisis caused by the earthquake head-on. It also highlights the role of the business sector in supporting the people affected by disasters such as the earthquake that struck Venezuela.
President Nicolas Maduro, the President of Venezuela, stated on his social media that the country will continue to work hard in responding to the needs of those who have been affected by the earthquake. His message of solidarity and support to the families impacted by the disaster has been echoed by the international community.
The earthquake has had a devastating impact on Venezuela, but the solidarity displayed by the country and its institutions in the face of adversity demonstrates the resilience and capacity for cooperation that are key to facing and overcoming natural disasters. The Caracas Stock Exchange’s efforts will complement the work of the authorities to provide support and alleviate the suffering of those affected by this disaster.