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MercoPress, en Español

Montevideo, December 22nd 2024 - 20:22 UTC

Tag: CADIVI

  • Monday, October 21st 2013 - 06:21 UTC

    Venezuela clamps down on 'currency tourism' with random checks at airports

    Travelers can access dollars at the official rate of 6.3 bolivars per dollar, which on the black market can fetch about seven times the official rate.

    The 'dollar-scarce' Venezuelan government is trying to clamp down on what it calls “currency tourism” with random checks of passengers leaving the country. The officials at the country's main airports are not guards or police but bureaucrats at state currency board Cadivi investigating whether travelers' documents match their requests for hard-to-get dollars.