Introduction The forex market is one that regulates the buying and selling of these and further allows

that there is a normal flow of foreign currency, the exchange rate and how sold is determined by the Central Bank of Venezuela along with the National Executive. One of these methods is the change control consisting of the intervention by the State in this market, being restricted supply and demand for currencies, being replaced by a series of administrative regulations, is change control is accompanied measures that affect transactions that give rise to the supply and demand for dollars. There are several types of control exchange among them, the rigid, partial and total, in Venezuela these measures have been implemented since 1983 when the State recognized a huge deficit and was forced in a way to implement the controls, so that arises Differential Regime Change, better known as RECADI, the application gave a lot to talk and became the largest corruption case in the economic history of our country.

CADIVI in Venezuela Mission Manage, coordinate and monitor the implementation of exchange rate policy of the Venezuelan state, with the aim of contributing to the overall development of the nation and to strengthening our sovereignty.) Vision Being a model organization in administrative management, coordination and control of the exchange rate policy of the Venezuelan state, from the integration of human talent and technological factor. What is a Change Control? A change control policy is an instrument consisting exchange officially regulate the purchase and sale of foreign exchange in a country. Thus, the government intervenes directly in the foreign exchange market, controlling capital inflows or outflows. What is devaluation of until currency? Devaluation is the loss of nominal value of a currency against other currencies. The devaluation of a currency can have many causes, among them a lack of demand for local currency or an increased demand for foreign currency. This can occur due to lack of confidence in the local economy, its stability, in the same currency, among others. The opposite process of devaluation is called revaluation. In a free exchange system, is where the central bank intervention is zero or near zero, the devaluation is called depreciation. Traditional and non-traditional exports. While Venezuela exports mainly revolve around oil and its derivatives, is through the import of inputs and outputs that moves most of the national economy. In international trade current government policy has been to bring its best monkey character exporter, oil exports is more than enough. And if there are sustained efforts by the public and private sectors aimed at achieving this goal is very unlikely that this is achieved by the mere rule of the forces of nature. Venezuelan companies to export have many limitations such as the low export capacity, you can perform the export because you can not get the product due to lack of materials, including VAT refund.
2

The Venezuelan company Glass (Venvidrio) exported 82 000 tonnes of glass containers to Brazil and Argentina, in the context of trade between the countries of the Southern Common Market (Mercosur), marking the first export within the economic bloc. But we cannot forget that in the first quarter grew asymmetries with members of the bloc. Non-traditional exports from Venezuela fell 46.5% in Brazil, 63.6% to 100% in Argentina and Uruguay, then to March sales were not recorded to this destination, according to figures from the National Statistics Institute (INE). Venezuelan exports to Mercosur are less than 10%, so the imbalance is brutal. CADIVI and the Venezuelan exports after devaluation Of the total exports amounting to nearly 97 billion dollars, 95% are produced by PDVSA. The private sector produces only 3 billion dollars, but demand 30 billion. At the beginning, the Administration Commission (Cadivi) attended 96% of imports were made in the country. However, delays in the approval and settlement currency will exceed 180 days, forcing buy foreign currency on the parallel market, deepen exchange gap and make the unofficial rate in the net price of the dollar in the economy. To correct these distortions created the Transaction System for Foreign Currency Denominated Securities (SITME) on June 9, 2010, which provided between 15% and 20% of foreign exchange at a price of 5.30-5.60 B / $. While in 2012 Cadivi approved an amount of U.S. $ 33154.37 million, an increase of 5.2% compared to 2011, when it passed 31.398 million dollars, provided SITME 7.864 million dollars and the annual average was around 7,000 million. Comparison with asymmetric countries. Venezuela is the fifth recipient of Colombian exports. In the first quarter of 2013 imported from the neighboring country the equivalent of only $ 48.9 million in the category of food, beverages and snuff, which represented an increase of 4.3% over the period last year, according to the National Administrative Department of Statistics. Colombia also proved for the period leading confectionery supplier, with exports equivalent to 66.3 million: 88% of Venezuela's imports of these products. The DANE numbers indicate that from January to March 2013 was purchased the equivalent of $ 31.5 million in sugars and sweets, reflecting an increase of 23.3% over 2012. In total, imports from the neighboring country rebounded 4.5% in the first quarter of 2013, an increase driven primarily by increased purchases of animals and meat, and
3

iron and steel products. Food purchases were specifying to Colombia to address the shortage of some commodities. On Monday attended a ministerial commission to negotiate the neighboring country mainly imports food and personal care products. It is expected that government spokesmen clarify the trade situation between the two countries in the coming days.

Glossary Commodities: Productos. Development: Desarrollo. Increase: Aumentar. Amounting: Que asciende. Confectionery: Confiteria. Mainly: Principalmente. Amount: Cantidad.

Conclusions After analyzing the data, we reach the following points of view: Exchange control primarily seeks to regulate the outflow of currency in the country and protect international reserves may be affected by this phenomenon. The acquisition currency (initially) will be solely to those institutions and diplomats who have signed agreements with the Republic, breaking with the free convertibility of the currency. Hurts small and large industries, as the purchase and sale of raw materials is paralyzed by the application of such control. Restrict all financial transactions that wish to make any international entity alia.

Anexes

Devaluation. Parallel market

Change control

References http://www.cadivi.gob.ve http://www.6topoder.com/6topoder/dane-importaciones-de-alimentos-de-colombiacrecieron-43-en-comparacion-al-2012/607456/ http://vnzuela.com/resultados/exportaciones-en-venezuela-2013 http://www.cadivi.gob.ve/atencionusuario/personajuridica/exportaciones.html