LATAM Executives Face Currency Repatriation Challenges in Venezuela

With an estimated US$23 billion in annual unmet demand for dollars, multinationals report that currency repatriation is one of the greatest challenges they face in Venezuela. Foreign exchange controls are unlikely to improve in the short term, regardless of the outcome in upcoming elections. Political instability after the elections could lead to even further shortages of CADIVI and SITME dollars. Given the insufficient supply of US dollars, multinationals have had to find creative ways to source capital in order to keep their operations moving in Venezuela.

The following three strategies are typically followed:

  1. Trade-based repatriation
  2. Dollarization of physical assets
  3. Panama swap

The case study below outlines how Chemical Company Alpha was able to successfully repatriate funds from Venezuela:

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Myanmar: To Invest or Not to Invest, That is the Question

When we talk to executives who are thinking about expanding into Myanmar, many of their concerns seem to come down to the same thing: politics.  There is a round of elections coming up in late 2015 that has the potential to radically shift the country’s power structures, and the prospect of dramatic change in Myanmar’s […]

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