03.09.16: DIPRO/DICOM

Earlier today, Vice-Minister for Productive Economy Miguel Perez Abad announced a new currency exchange regime to take effect on March Continue reading →

04.01.15: Semana Santa

The director of Econometrica, Henkel Garcia, said today that the government’s insistence on operating three different exchange rates – CENCOEX (Bs. Continue reading →

03.27.15: Starting at Zero

SIMADI, the third tier of the Venezuelan currency exchange system, processed 17,000 transactions during its first month of operation, totalling $2.6 Continue reading →

03.05.15: Dangerous Situations

Maduro spoke on fears raised by Uruguayan President Jose Mujica and published by the Spanish newspaper EFE that Maduro would try to fabricate Continue reading →

02.10.15: SIMADI

For up-to-date exchange rate numbers (including the SIMADI) rate, visit this website.  Minister of Finance Rodolfo Marco Torres announced the much-anticipated Continue reading →