Venezuelan forex board allocates USD 33 billion in 2012
The granted foreign currency records a 5.6% hike versus 2011
Imports were granted USD 26.01 billion, including USD 18.17 in regular imports, the Venezuelan government agency broke down.
Furthermore, USD 1.46 billion was authorized for financial operations; USD 3.33 billion for credit cards and USD 2.34 for miscellaneous.
Cristian Fonseca, a businessman in La Candelaria district downtown Caracas, was doing the accounts in his small shop office on Sunday December 21, 2008. The Christmas shopping season kept him working late hours into the night. It was around 11 p.m. and his phone rang. A friend broke the bad news to him over the telephone.