Vice President Jorge Arreaza recently explained that processes related to the Foreign Currency Administration Commission (Cadivi) will continue working until they are taken over by the Center for Foreign Trade, as President Nicolas Maduro had earlier announced.
Vice President Jorge Arreaza said Thursday that the key task for the Venezuelan government this year will be to stabilize the economy, which requires promoting respect for laws designed to regulate fair prices and empowering the productive sectors to help…
Venezuelan Vice President Jorge Arreaza clarified Thursday that the procedure for acquiring US dollars through the Currency Administration Commission (CADIVI) remains the same until related announcements are made.”
The Vice President for Economic Policy, Rafael Ramírez, announced that the Currency Administration Commission (Cadivi) has distributed over $53.3 billion for wide range of uses between 2012 and the year to date.
Nicolás Maduro, President of the Bolivarian Republic of Veneuzela, guaranteed that the Currency Administration System (Cadivi, in Spanish), which is being supplemented by the Complementary Currency System (Sicad), will work as planned.
Venezuela’s Currency Administration Commission, CADIVI, has detected irregularities in requests for Foreign Currency Acquisition Authorizations for consumers wishing to travel abroad, and for payments abroad made electronically.
The distribution of foreign currencies by the Venezuelan state to businesses is returning to normal, as more than 2,000 small- and medium-sized companies have been given dollars they requested out of the 3,000 registered with the Currency Administration (CADIVI).
Venezuelan President Nicolas Maduro announced on Thursday plans to create “a National Savings Fund in Foreign Exchange, with special conditions. We want to attract investment, but we want to create conditions so that much of the money that went abroad…
On Wednesday, Venezuelan President Nicolas Maduro announced said that the flow of foreign currency to the country’s Currency Administration Commission (CADIVI) will be regulated in order to “make economic and commercial activity more dynamic.”
On Tuesday, the Venezuelan government created the Complementary Currency Administration System, CADIVI (in Spanish), which will allow greater transparency in the distribution of dollars throughout the country and guarantee that they are directed toward productive activities, thus strengthening the economy.…