ESPACIO PUBLICITARIO
CARACAS, Thursday January 17, 2013 | Update
 
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FINANCE | Agency numbers

Venezuelan forex board allocates USD 33 billion in 2012

The granted foreign currency records a 5.6% hike versus 2011

EL UNIVERSAL
Thursday January 17, 2013  04:51 PM
The Foreign Exchange Administration Board (Cadivi) apportioned USD 33.15 billion from January 1 to December 31, 2012, for several items, 5.6% over USD 31.39 billion in 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.
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USD 9 billion in claims

Following a wave of nationalizations carried out by the late President Hugo Chavez between 2007 and 2012, Venezuela has become the second most frequent respondent to investment treaty arbitration in the world (38 cases in total), after Argentina.

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