Apparel and Footwear in Venezuela - New Market Report
Since late 2012, after the presidential elections, the Venezuelan government has increased restrictions on sales of official foreign currency. In February 2013, the Venezuelan currency was devalued from BsF4.30 to BsF6.30 per US dollar. This occurred along with the creation of the superior Complementary System for Administration of Foreign Currency (SICAD), run by the government and the Central Bank (BCV), which assesses the priorities of foreign exchange allocations and attempts to control...
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