January 28, 2019 1:30 pm
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Updated January 28, 2019, 13:49
Venezuelan central bank (BCV) has resolved on January 26 to operate a new electronic platform called Interbanex, which will serve as a currency exchange system in the country and which began operating on Monday at an exchange rate of 3,200 Bolivaras.
Interbanex is a private company with a website where citizens need to register and create a user with the bank accounts they will manage. The purpose of the platform is to exchange authorized currencies at an exchange rate determined by bidders and claimants.
According to information posted on Interbanex's Twitter account, within 15 days, this system can be used for all private financial institutions in Venezuela.
"Transferring the currencies will be the responsibility of each bank, and consumers must carry out their operations with the financial institution that provides the best service to their needs," said Interbnex via Twitter.
Interbanex will provide the technology and will be a digital bridge between consumers and financial firms for acquiring and transferring foreign currencies to have a 'free exchange system'.
Is there a free, personal and transparent foreign exchange market in Venezuela? From Monday YES. Interbanex is a privately owned currency exchange platform where the exchange rate is determined by the applicants and plaintiffs in a fully transparent manner. #Venezuela
– Interbanex (@interbanex) January 26, 2019
We believe that for a period of 15 days there must be the main private banks in the country that offer this value-added service to their clients as authorized stockbrokers.
– Interbanex (@interbanex) January 27, 2019
The transfer of the acquired currencies will be the responsibility of each Bank with the corresponding correspondent. Consumers should perform their operations with the Bank, which provides the best service to their needs.
– Interbanex (@interbanex) January 27, 2019
Some annotations:
1. The type is a reference. The exchange rate during the day will adjust to supply and demand. The type is placed by the participants.
2. We will publish a letter that will explain the project in great ways.Have a nice day.
– Interbanex (@interbanex) January 28, 2019
The transfer of the acquired currencies will be the responsibility of each Bank with the corresponding correspondent. Consumers should perform their operations with the Bank, which provides the best service to their needs.
– Interbanex (@interbanex) January 27, 2019
