Market Report, "Consumer Appliances in Venezuela", Published
Since late 2012, after presidential elections, the Venezuelan Government increased restrictions on sales of official foreign currency with the decline in operation of SITME (Transaction System Foreign Currency Securities), which was an alternative to the CADIVI system to obtain foreign currency for private companies, and the definitive elimination in February 2013. Furthermore, the sickness and death of Hugo Chavez delayed several decisions of the Government regarding economic issues. On 8...
View full press release