Recent Study: Travel Retail in Venezuela
The system of quotas for purchasing foreign currency - at the official exchange rate - established in 2010 continues to be applied by the control authority (CADIVI). The amount of the quota varies, depending on the destination and duration of the trip, up to a maximum of US$3,000 per person per year. Travellers must submit a request and wait for approval each time they plan to travel abroad. For example, popular destinations like Panama and Netherlands Antilles have a quota...
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