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Tuesday, December 1, 2009

Venezuela sets maximum quota for travelers at USD 3,000


According to the Official Gazette No. 39,316 published on Monday, November 30, the Foreign Exchange Administration Commission (Cadivi) issued resolution No. 099 which allocates USD 3,000 annually as a maximum quota for travelers, depending on the destination and duration of the trip.

Under the resolution, the dollar quota for travels to almost all the countries in the hemisphere will be USD 2,500 per trip. For short trips, the quota will vary from USD 1,000 and USD 500 to USD 300. According to the resolution, Cadivi will allot USD 2,000 at the official exchange rate to people traveling to Europe, Asia, Africa and Oceania for seven days as a maximum, while Cadivi will allocate USD 3,000 in the case of trips for more than eight days to those destinations.

Travelers will be able to use up to three credit cards of which he/she is the cardholder, provided that these cards have been issued by the same foreign exchange operator.

Source:eluniversal.com

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