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Resolutions of the Venezuelan Central Bank

Four Resolutions issued by the Venezuelan Central Bank relating to Transactions in the Foreign Currency Market and to the System of Transactions with Securities in Foreign Currency (“SITME”) were published in Official Gazette Nº 39.798 of November 11, 2011. You can access a summary of the most relevant provisions of such Resolutions by clicking here

 

“NOTE: THIS INFORMATION SHOULD NOT BE CONSTRUED AS LEGAL ADVICE ON ANY SPECIFIC MATTER AND ITS CONTENT ARE INTENDED AS A MANAGEMENT ALERT AS TO CURRENT DEVELOPMENTS IN VENEZUELA, ANY SPECIFIC LEGAL QUESTIONS REGARDING THE POSSIBLE APPLICATION OF NEW OR PROPOSED LEGISLATION TO PARTICULAR SITUATIONS SHOULD BE ADDRESSED TO TRAVIESO EVANS ARRIA RENGEL & PAZ.”