The Central Bank of Venezuela (BCV) through Resolution No. 19-05-01, published in the Official Gazette of the Bolivarian Republic of Venezuela No. 41.624 on May 2, 2019, authorized the creation of "exchange desks," by means of which individuals and corporations of the private and diplomatic sector can buy and sell foreign currency (Foreign Exchange, or FX operations) through Venezuelan banking institutions.
The resolution is designed to make the Venezuelan FX market more flexible by following the process that began with the amendment of the Exchange Agreement No. 1, which in principle, decriminalizes FX operations.
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