Venezuela Authorized new Open Currency Exchange Platform Starting Operations Today

The Central Bank of Venezuela (BCV) authorized the operation of the electronic platform Interbanex in the country’s exchange market system. This instrument will start operations from Monday, January 28 with a starting price for hte US Dolar of Bs. 3,200.

 

Through its Twitter account, Interbanex explained that it will open to the public through the Banco Occidental de Descuento (BOD) and other Venezuelan banks. From there people can buy and sell currencies at the price defined by the market.

 

“Interbanex is a private authorized currency exchange platform, where the exchange rate is determined by bidders and claimants in a completely transparent manner,” said the account of this new tool.

 

Below, we present a series of clarifications that Interbanex published to users:

 

Interbanex is not a substitute for Dicom. It is only for private individuals and entities. In the platform, no state public entity can negotiate.

 

It is authorized by the BCV, the Ministry for Economy and Finance and the Superintendency of Banking Sector Institutions (Sudeban).

 

It will start on Monday. The only bank assigned for now is the BOD, but soon it will also be available in other banks with which we are opening the trusts.

 

Interbanex is not of the State. We are a private company.

 

Made by private, only for private.

 

With Interbanex, what we want is that people can see the depth of the order book, how they cross, and can trace all operations guaranteeing maximum transparency, under a free market mechanism.

 

There will be premarket, market and postmarket.

 

The market will be open 24 hours a day, 5 days a week, from Sunday at 6 p.m. until Friday 6 p.m.

 

You will find all the additional information on Monday on the page.

Source URL: La IguanaTV

Translated by JRE/AR

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