Financial Advice in Venezuela

Expats considering making lump sum investments in Venezuela should discuss their plans with their bank of choice prior to finalizing their application. There are very strict policies governing foreign currencies in this country where, in fact, only the local currency is allowed for regular savings and current accounts. There are many banks across Venezuela, but the biggest are likely found in the capital city, Caracas, and other key locations such as Maracaibo, Maracay and Valencia.