The president of Venezuela, Nicolás Maduro, will begin to block the bank accounts of those citizens who do transfers from abroad and do not justify their absence in the Caribbean country.
The Superintendency of Banking Sector Institutions (Sudeban) published last Friday the form that these entities must use to prevent Venezuelan operations abroad.
"The implementation date indicated in this instruction is from the week from Sunday, November 25, 2018 to Saturday, December 1, 2018 and in the following weeks," said Sudeban in a circular of 2 of last november
It is worth noting that if the financial institution detects any transaction of any customer who has not justified leaving the oil country through the IP address (Internet foals) outside Venezuela, "make a special preventive conditioning that prevents access to make online transfers of the instruments belonging to that customer" .
According to the Superintendent of Banking Sector Institutions of Venezuela, Antonio Morales, said that the objective was to use the exchange offices authorized by the government of Nicolás Maduro for sending and receiving remittances.
The International Monetary Fund (IMF) warned that by the end of 2018 the hyperinflation of Venezuela could be at 1,300,000%.
Venezuela currently faces a shortage of food and medicines and has pushed many citizens of the llanero country to other nations in search of a better future.
The United Nations (UN) reported that around 2.3 million Venezuelans have left the country.
Many of these people send remittances to their relatives from abroad.
In one of the clauses of Sudeban in Venezuela asks customers to request authorization to perform the transfers from abroad to personal or legal third parties.
The authorization must not exceed six months.