ANNOUNCED AS TEMPORARYNo
Repatriation & surrender requirements
On July 19, 2012, the Bolivian Republic of Venezuela (according to Convenio Cambiatorio Nr 20/14.07.2012, published in Official Gazette Nr. 39.968/19.07.2012) partially liberalised its foreign exchange controls in place since 2003. Concretely, it allows foreign juridical persons that participate in strategic state investment projects to hold funds with non-Venezuelan origin in foreign currency-denominated accounts in local banks.
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