A Caracas City Shuffle
Venezuela’s government is about to unleash the biggest economic reform set forth in the last 11 years. A currency market is about to be set in place, with far...
Tag: SICAD
Spoiled greens
SICAD has just been rolled out as a panacea for foreign currency scarcity in Venezuela. But if descriptions of the bureaucratic mess involved in obtaining dollars at auction are...
SICAD: Birth of a Red Tape Behemoth
There was huge confusion yesterday following the launch of SICAD (the newfangled “Sistema Complementario de Administración de Divisas”), meant to supply additional dollars to importers shut out of the...
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