How does cadivi work

The central bank does not publish the rate arrived at by its twice-monthly Sicad auctions, but participants say it has ranged between 10 and 11 bolivars per greenback. Meanwhile, dollars sell on the black market for more than five times the official rate of 6. The government wants to cut down illegal black market trading, and to bring down the price of dollars on the street. Maduro recently named a presidential commission to investigate Cadivi fraud. As part of that sweep, Rodriguez said he plans soon to expose two Venezuelan businessmen secretly filmed in Miami boasting of their multi-million currency fraud operations.

Maduro last month ordered merchants to slash prices of consumer goods in an effort to slow annual inflation of 54 percent, accusing importers of getting dollars through Cadivi and then marking up products as if they had been acquired with black market dollars. In the interview, conducted Wednesday, Rodriguez said 30 businessmen were in jail while another 63 were awaiting trial on charges ranging including usury.

Critics say the government has not published a list of which companies received dollars through Cadivi this year, making it impossible to know who is over-charging and who is simply struggling with a spiraling black-market exchange rate. The safe, economical and efficient use of electric energy is an urgent need of the people and society, in which electric wires are one of the most important factors to pay attention to.

Electric cable products on the market today are very diverse, there are many different types produced by many places, but choosing which product to use to be assured when using is still what makes customers preoccupy and think. Understanding this, CADIVI company has successfully researched and developed the feature of fire protection for all existing electric cables of the company.