Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
 

GatoGordo

(2,412 posts)
Thu May 3, 2018, 01:48 PM May 2018

Remittances to family in Venezuela to be funneled through Chavismo skim.

Money exchange offices will be able to operate in economic zones of the country
May 2, 2018

The national government announced on Wednesday, May 2, that the opening of exchange offices was authorized in order to control the entry of family remittances from abroad and for other operations that have not yet been announced.

According to the information provided by the Venezuelan Vice President, Tareck el Aissami, the idea is that these financial centers operate in specific places in the country.

It was authorized "to open exchange offices in the special economic zones in the next few hours, in the petro zones (...) in hotels, airports, tourist destinations, that is, throughout the national territory," said the Vice President.

He added that the exchange houses are so that anyone who has remittances can change them in the country through a legal way.

http://www.elimpulso.com/featured/casas-de-cambio-podran-operar-en-zona-economicas-del-pais-2may

Ordinarily, an expat family member would wire funds to a bank or exchange house and an agreed upon rate of exchange would take place... Dollars for Bolivars. Maduro et alli are having no part of that market thinking... if any hard currency is going to be coming into Venezuela, it is going to be funneled through Chavismo first. And since the Maduro Mafia insists that the dollar is worth only 35,000 BsF (and not the 650,000+ BsF that the market says it is worth), Chavismo gets a nice fat profit on each dollar "exchanged" through their scam... and now they want Venezuelans to HAVE to purchase their fraudulent Petro in exchange for their hard currency. Since nobody else will buy it voluntarily.


Latest Discussions»Region Forums»Latin America»Remittances to family in ...