Baby steps toward freedom?

0
We can only wish
We can only wish

This is huge.

Apparently, if you’re a person (not a company) and you buy currency through the new SICAD dollar auctions, you can buy as many dollars as you want as long as they are for traveling, education, or health purposes.

Regardless of how we all agree this dual exchange rate system is boneheaded (it basically makes arbitrage a legitimate business), this is the first time in a long while the Venezuelan government takes steps that get us closer to a free market than the opposite. It’s also the first time we see steps that could lead one to hope for the end of Misión Cadivi.

Many people have said that one step toward dismantling Cadivi would be to make the black market “official.” And one way to do that would be to allow people to buy dollars in the market with little government interference.

I don’t know if SICAD is there yet, but it’s certainly a step in that direction.

1 COMMENT

  1. My guesses are, if I am right, that even if they are not caps, the BCV will decide how much dollars you get. The good thing will be for the students who are taking courses in the mayors outside the list of CADIVI. At least there will be a legal, not that expensive source of foreign currency.

  2. “baby steps towards freedom” So, the governmet letting the grip go on something that shouldnt be restricted, as a small concession towars its citizens, is freedom? Fuck off. Its just “nice meal day” inside prison.

    • Agreed, and he didn’t said that. He said that it was the first time that a decision of the government doesn’t go in the direction of harder restrictions

      • They can always suffocate a bit more, but this time it was impractical to keep doing it since their filthy hands made dollars almost dissapear, with black market rate prices soaring. They are interested in political stability, not in a free market. As long as the primitive asswipe of Giordani is alive.

  3. Such optimism! Wishful thinking IMHO. What I think will really happen:

    -It’s a thinly veiled devaluation.
    -You will not see any more 6,3$. Ever again.
    -You will now jump thru flaming hoops to try and compete with big corporations and their proxies (swimming in BsF and desperate to exchange them).
    -Lots of wasted ‘carpetas’ and ‘tramites’
    -Lots of rojitos getting even more filthy rich.
    -Lots of inflation (yes, even more).
    -Banks loving this

    Hope I’m wrong.

  4. In principle, this isn’t a million miles off of how Alejandro Grisanti planned to handle the exchange rate if Capriles had won the presidency last year. But with PSUV still in power, it’s impossible to imagine this will mean much in terms of confidence.

    Besides, they removed limits on the amount *you*can*request* – which is not quite the same thing as removing limits on the amounts they’ll sell you.

    • Good point.
      Previously with Sitme there was a $5.000 limit for personas naturales (travel), and rarely the full amount was awarded.

  5. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  6. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  7. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  8. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  9. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  10. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  11. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  12. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  13. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  14. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  15. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  16. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  17. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  18. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  19. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  20. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  21. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  22. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  23. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  24. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  25. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  26. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  27. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  28. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  29. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  30. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  31. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  32. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  33. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  34. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  35. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  36. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  37. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  38. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  39. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  40. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  41. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  42. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  43. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  44. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  45. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  46. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  47. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  48. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  49. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  50. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  51. I think there is a problem here, if you read Convenio Cambiario Nro 22 and is modification, it said first that the cap was 3.000 USD and then they corrected by deleting that part, but the true is that each acution will have Its own rules and caps, even for ordinary people, more so you will have to show you expenses to “control posterior” so unless you are going to the ISS from Russia, dont get to many expentantion, it is not for saving it is not for importing, its a bone to the middle class, a great political move, but no more than that.

    http://en.wikipedia.org/wiki/International_Space_Station

  52. Huge is going to be de difference between what you ask for (lots!) and what they give you (0!).

    Anywho, back to Snowden. I think that the 0.0005% chance that Snowden becomes an asilado politico venezolano, living in Vzla becomes a reality. That will be a HUGE mistake for Maburro and Chavismo in general. HUGEEEE. I really hope that he gets his wish and Snowden actually finds a way to get to Vzla.

  53. Esto es una inflacion disfrazada. Van a desaparecer los dolares de CADIVI y listo. El control continua. Y como dijo Toro, no hay limites de cuanto puedes pedir pero ellos van a decidir cuanto te dan.

  54. The discretionary aspect of the auction for the amount is the cesspool for arbitrage. I bet that if your name rimes with ello you’ll get millions for your trip to China. One thing is that you can bid for whatever amount you want. But at the same time there must be a internal cap on the amount or are they going to award for persons regardless of the Convenio Cambiario , are they going to approve 10 millions for a shopping spree in Dubai? Pay for tuition in 100 Ivy League Schools?

  55. “You can buy as many dollars as you want…”–Yes, in the parallel market, up to 37 according to a trusted source, from 32 before the new SICAD announcement. They have announced $3.5bbl TOTAL to be auctioned for the year, 1/10 of the probable real demand, and that 1/10 will go to you-know-who. CADIVI will continue for Mercal below-cost pollos and such, and, especially for corruption. As for a first timid step toward eliminating exchange controls/furthering free markets/”freedom”, I don’t think the type of animal(s) we’re dealing with is being fully understood.

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