Central Banking

Venezuela c bank wary of overseas credit card use

The central bank of Venezuela has said it has no immediate plans to authorise the use of local credit cards abroad due to abuses that have previously taken place. The country's foreign exchange commission Cadivi will continue to handle the authorization process for foreign currency requests in line with government policy, reports said.

Source: Business News Americas

Venezuela's central bank has no immediate plans to authorize the use of local credit cards abroad due to the abuses that took plac