You are here
Venezuela cuts dollar allowance for Florida trips
CARACAS, Venezuela—President Nicolas Maduro’s government is slashing by more than half the amount of US dollars Venezuelans travelling to Florida can buy and take with them under decade-old currency controls. Venezuelans will be allowed to buy a maximum of US$700 annually for trips just to Florida. That compares with the US$2,500 a year already allowed for trips to all other US states.
The restrictions published Friday in the Official Gazette follow a partial devaluation of the bolivar that has made it costlier for Venezuelans to travel abroad and which the government hopes will help safeguard a dwindling local dollar supply. Venezuelans have been flocking to south Florida and other easily-accessed international destinations to shuttle abroad as much hard currency as they can under the rigid foreign currency exchange system.
User comments posted on this website are the sole views and opinions of the comment writer and are not representative of Guardian Media Limited or its staff. Guardian Media Limited accepts no liability and will not be held accountable for user comments.
Please help us keep out site clean from inappropriate comments by using the flag option.
Guardian Media Limited reserves the right to remove, to edit or to censor any comments. Any content which is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will be removed.