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Cadivi allocates $2.5 Billion for the Acquisition of Vehicles

Foreign Currency Administration Commission (Cadivi) has granted 2 billion dollars for the assembly of vehicles and 500 million dollars to import pre-assembled cars. 

The announcement was made this Sunday by the Minister of People's Power for Commerce, Eduardo Saman, on the state channel VTV. 

At the beginning of the year, due to the lower price of petroleum, priority was given to the acquisition of currency in the food sector. Currently, the process of reallocation of currency is beginning.

The minister emphasized this does not justify speculation in vehicle sales. Likewise, he stated the Institute for the Defense of Persons in the Access to Goods and Services (INDEPABIS) during this first half of the year has received approximately 465 personal reports regarding irregularities in the purchase and sales of automobiles. 

This week, a new toll free help line has opened, 0800-Reclama (Complain). Saman explained that this number will help to address all complains consumers need to make to INDEPABIS, an organization ascribed to the Ministery for People's Power for Commerce.

The minister emphasized that the new line will receive any type of report, including hoarding and speculation attempts against the Venezuelan people.

Bolivarian news Agency, Press Unit of the Embassy of the Bolivarian Republic of Venezuela to the US/ June, 15th 2009.

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