ANNOUNCEMENT 24 Jan 2014In January 2014, the government of Venezuela announced a change in the settlement of trade invoices.
NUMBER OF INTERVENTIONS
Comisi?n de Administraci?n de Divisas (Cadavi), Providencia no. 125 of 23 January 2014, published in the Extraordinary Gazette no. 6.122 of 24 January 2014 (in Spanish): http://www.tsj.gov.ve/gaceta_ext/enero/2312014/E-2312014-3895.pdf#page=6
Comisi?n de Administraci?n de Divisas (Cadavi), Providencia no. 99 of 18 February 2010, published in Official Gazette no. 39.372 of 23 February 2010 (in Spanish): http://www.bancodevenezuela.com/?bdv=link_personas&id=184
Bloomberg 24 January 2014: http://www.bloomberg.com/news/2014-01-24/venezuela-slashes-allowance-for-people-visiting-florida.html
BBC, 24 January 2014 (in Spanish): http://www.bbc.co.uk/mundo/ultimas_noticias/2014/01/140124_ultnot_venezuela_cupo_dolares_viajeros_mr.shtml
Venezuela al D?a, 24 January 2014 (in Spanish): http://www.venezuelaaldia.com/2014/01/esto-fue-lo-que-nos-trajo-la-gaceta-uso-de-tarjetas-de-credito-en-el-exterior-remesas-y-cupo-electronico/
On 24 January 2014, Venezuela's Commission for the Administration of Foreign Currency (Cadavi) reduced the annual credit card allowance in USD for Venezuelans. The new allowance limits are split into three periods of stay, i.e., 1 to 3 days, 4 to 7 days, and 8 days and more. The restrictions have been reduced to USD 300, USD 500, and USD 700, respectively:
The measure took effect on 24 January 2014.