Venezuelan regional daily Correo del Caroní announced Tuesday it would cease publication due to government restrictions preventing the company from purchasing U.S. dollars to import paper from Chile.

The daily paper elaborated in a press release that it would stop publication "as the government of President Hugo Chávez has denied U.S. dollars to Dipalca, which is known to be (a) corporation importing the Chilean newsprint paper we have used exclusively to print this newspaper for years."

"Senior government officials have launched a long and aggressive economic campaign against Correo del Caroní­, but this does not mean they can claim the victory over the honesty and dignity of the Venezuelan people," the paper added.

Though its print publication has ceased, Correo del Caroní­ announced the edition can still be read on the Web site, El Universal reported.