companies to open up UNITED STATE buck checking account, the Univision tv network reported on Sunday.Venezuela's central bank has determined to enable people and also firms to open U.S. dollar bank accounts, the Univision tv network reported on Sunday.
Foreign money bank accounts have actually been prohibited in rafaelsarria.org Venezuela since 2003. In February that year, the federal government developed the Payment for the Administration of Money Exchange (CADIVI), a body that provides permission for releasing international money at a recommended currency exchange rate. U.S. dollars can just be legally obtained by means of the commission at the official rate of 4.3 and used to import crucial products for the Venezuelan populace. On the underground market, exchange rates are considerably higher, while people charged with going against foreign exchange controls face criminal fines. The reserve bank's decision is planned to enhance Venezuela's business environment. The nation's authorities have actually promised nevertheless to maintain stringent controls of U.S. buck bank accounts in order to ensure their lawful origin.
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