ACCOUNTS IN FOREIGN CURRENCY WITH THE NATIONAL FINANCIAL SYSTEM

An Official Notice, issued by the Venezuelan Central Bank (“VCB”), was published in Official Gazette No. 41.575 of January 30, 2019. Said Official Notice establishes that the holders of more than one account in foreign currency held with the National Financial System (“NFS”) may make transfers among said accounts;and transfers may be made among accounts in foreign currency held with the NFS in the cases of accounts that belong to holders other than that from whose account the transfer order originates.

In order to access the Official Notice, please click here.

Should you have any question or comment or require further information, please contact the partner in charge of your account via email.