Foreign Exchange control office hands out $30,000

March 29, 2003

For those that believe that Governments can do the job, the Exchange Control Office, CADIVI, finally handed out yesterday the first dollars under the new control regime. The grand amount of US$ 30,000 was handed out yesterday to students and “special cases”  only 67 days after the country stopped foreign exchange transactions. Of course, this is my biased view of the Governmnt’s icompetence, the Head of the Foreign Exchange Office explained that the delay was due to the fact that they are using “very novel technology”. Oh! that explains it.

This entry was posted on March 29, 2003 at 4:57 pm and is filed under Venezuela.

One Response to “Foreign Exchange control office hands out $30,000”

  1. Matthew C. Krinner Says:

    December 25, 2009 at 10:21 pm

    Thanks for the post. I hope you have a great day! Im spending much time lately learning how foreign exchang works.

    Reply

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