Central Banking

Venezuelan, Colombian cbs agree on payment system

Following meetings between central bank officials from Venezuela and Colombia, a system has been agreed which will control and guarantee payments for Colombian exports to Venezuela.

Colombian officials have expressed concerns that the sharp fall in the value of the bolivar may lead to Venezuelan merchants not being able to pay for goods they imported from Colombia, but the new system (Aladi) has been set up to ease these concerns.

Businessmen will now be required to register exports to Venezue

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: