Airlines operating in Venezuela have 3.3bn dollars trapped by currency controls

Saturday, January 11th 2014 - 06:30 UTC

Full article 11 comments

International airlines operating in Venezuela have 3.3 billion trapped because of currency controls, the International Air Transport Association, IATA, revealed. Airlines have to wait around 12 months for the government to convert their Bolivar earnings into dollars, with the time lag growing, according to the Venezuela Airline Association. Read full article

Comments

Disclaimer & comment rules

Klingon
Wouldn't suprize me if we have the same problem here in Argentina.
Next it will be “ Stay home and enjoy your vacation”.
Jan 11th, 2014 - 10:58 am - Link - Report abuse 0
-+
cornelius
Argentina is a communist country they will do that.
Jan 11th, 2014 - 12:19 pm - Link - Report abuse 0
-+
yankeeboy
It's very simple, they'll jut stop flying there.
I think car mfgs will consider moving out of Arg if they can't repatriate their profits this year.
Just wait for it.
Jan 11th, 2014 - 12:38 pm - Link - Report abuse 0
-+
ChrisR
3 yankeeboy

I could see that happening if things do not improve after the presidential election.

GM, Ford and Fiat have far too much blood, sweat and tears invested in The Dark Country to throw everything away at this time.
Jan 11th, 2014 - 05:07 pm - Link - Report abuse 0
-+
Troy Tempest
“Venezuelans by law are banned from talking about the dollar in the illegal market.”

It will be the “Thought Police” next!

“Shortages of foreign currency have emptied Venezuelan shops of everything from shaving blades to milk ”

The 'Populist Economic Miracle' - and now “Argentina is becoming Venezuela” and “Brazil is becoming Argentina”!!
Jan 11th, 2014 - 06:42 pm - Link - Report abuse 0
-+
ChrisR
@ 5 Troy Tempest

It will be form a circle in brotherly love next!
Jan 11th, 2014 - 10:10 pm - Link - Report abuse 0
-+
Captain Poppy
Something is coming...maybe thought police and they will file the building next to the toilet paper task force. All the MP's resigned.
It's illegal to talk about the illegal money market in Veneztina? If you recall though, in Germany it is illegal to deny the holocaust happened.
Jan 13th, 2014 - 02:46 pm - Link - Report abuse 0
-+
ChrisR
@ 7
“If you recall though, in Germany it is illegal to deny the holocaust happened.”

And your point is what, exactly?
Jan 13th, 2014 - 09:45 pm - Link - Report abuse 0
-+
Captain Poppy
Come on Chris....you promised...what happened? You are losing your integrity every time you respond to me.
Jan 13th, 2014 - 09:55 pm - Link - Report abuse 0
-+
ChrisR
@ 9 Captain Poppy

You miss the point.

Since when have you been a Jew hater?

I respond to all posters who take the piss out of those Brits and Yanks who are dyslectic, even you; but race haters are in a group of their own.

It seems, it that WAS a genuine post, that you are losing your integrity.
Jan 16th, 2014 - 10:59 am - Link - Report abuse 0
-+
Captain Poppy
Unlike you......I have never used hate in my posts as you do in your profane filled rants and diatribes. I see the hate of many posters that want to “nuke” Argentina and so forth and so on........but that is typical ignorance from a wannabe and never was military geriatric.

What makes you think I am not jew? or hate jews? Is it your age that confuses you?

You did post to me that you will never respond to one of my posts ever again. Apparently an over statement made in the heat of the moment of hatred. You should wait a day or two and take a nitro pill before you respond with a hypocritical statement.....no?
Jan 16th, 2014 - 01:47 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!