Private sector can acquire up to $ 400,000 for the new Dicom

Companies will be able to buy up $ 400,000 per month and the natural persons $ 500 by the new Dicom, system that will be governed by an exchange agreement that will be published by the Central Bank of Venezuela (BCV), informed the Minister of Economy and Finance, Simón Zerpa.

"The allocation of foreign currencies has been eliminated and we will today (Tuesday) call the first auction for tomorrow (Wednesday) and another one on Friday, the next week is on Monday, Wednesday and Friday," said Zerpa in a television broadcast.

The official explained that in this third version of the Dicom, the Executive and the BCV will supervise the operations, the average purchase and sales percentage is published daily and there are no delivery restrictions.

(Read also: Food and medicine are exempt from VAT increase)

The Executive checks the demand capacity of applicants (natural and legal) in the system on the basis of their income level.

Zerpa has announced that banks can buy coins through the cash registerbut they will not be able to sell. He added that they are talking to the Venezuelan Banking Association (ABV) about which entities can participate in the new exchange system, depending on their international correspondence services.

Until the last Dicom auction on Friday 10 August, the limit per natural person was quarterly $ 500 and $ 400,000 per quarter for legal entities.

The new schedule starts with an exchange rate of Bs 6,000,000 per dollar (BsS 60), which indicates a devaluation of 96% with respect to the last auction from the Dicom system when the exchange rate was Bs 248,832.

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