In a move to preserve foreign currency reserves, Venezuela’s government reduced by half the amount of of dollars it will let people spend when traveling abroad to $2,500. The Venezuelan Foreign Exchange Administration Commission, known as Cadivi, reduced the amount of cash at the fixed exchange rate that Venezuelans can withdraw from foreign banks by half, from $500 to $250 a month. The new rules require that travelers have airplane, bus or ship ticket abroad; new Cadivi cardholders can’t get Cadivi dollars for six months.
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