how to transfer money from venezuela to u.s

[C-S 0]

we got married and live in united states right now but my wife still have money back home in the bank (venezuelan bank) and a property. she plans to go back soon and sell the property. how do we get the money in dollars and bring it back home or transfer to our bank account here in the U.S? anyone knows a way to transfer from venezuelan bank account to U.S bank account?

[t0m 1]

As far as I know, the only legal way to exchange bolivares for dollars is through CADIVI

[dawning 212]

we got married and live in united states right now but my wife still have money back home in the bank (venezuelan bank) and a property. she plans to go back soon and sell the property. how do we get the money in dollars and bring it back home or transfer to our bank account here in the U.S? anyone knows a way to transfer from venezuelan bank account to U.S bank account?

Hi-- my husband and I are trying to figure this out right now as well, so I would be very interested to hear any new information that you might come up with. My understanding is that about a year ago the Venezuelan government created a new exchange system called CIPCAP or something like that, which exchanges at a much higher rate than CADIVI, I think around 50 bolivares to the dollar. My husband has been trying to do it, and so far it hasn't worked out, but in theory if it happens, the government or his bank, would transfer money to a US account, in this case one in my name, since my husband hasn't been to the US yet and doesn't have a US account in his name yet.

My understanding, which is far from complete, is that it's like some sort of a lottery, that many people apply to buy dollars, and some are selected. I also understand that you bid a certain amount that you want to change, and the change some but not all of it... obviously it is a lot better a rate than the current black market rate, so more people want to participate than the government wants to help.... If anyone else out there has more information, I would love to read about it.

The other thing that your wife might consider is finding a Venezuelan that has a US bank account to buy her property. They could just transfer her some dollars directly.

Good luck! Let us know how it works out. Having money invested in Vzla right now is frustrating.

[TBoneTX 43,058]

One post removed because of irrelevance to the country-specific process.

[esmurillo 2]

Unfortunately in my opinion the only way to get dollars out of your investment is to sell the bolivares in black market (currently 180-1) The government does not have any dollars. My suggestion is to keep the property in the hands of family trusted memebers and wait out the current financial situation in Venezuela. Sell your bolivares from the bank because they are worthless ( Not being mean, I speak from experience ) Sell at current black market price before they devaluate it even more and you are left with pennies.

Hope this helps.

[Meggers 0]

we got married and live in united states right now but my wife still have money back home in the bank (venezuelan bank) and a property. she plans to go back soon and sell the property. how do we get the money in dollars and bring it back home or transfer to our bank account here in the U.S? anyone knows a way to transfer from venezuelan bank account to U.S bank account?

I'm about to be in a similar situation I was wondering if you were ever able to get cadivi or if you were able to transfer funds at all?

[Meggers 0]

I'm about to be in a similar situation I was wondering if you were ever able to get cadivi or if you were able to transfer funds at all?

Sorry I mean Sicad II not cadivi

[VZLAN-US-Citizen 11]

My mother will also be in the same boat. Everyday the government changes the systems and the rules and regulations, it is very unreliable to plan ahead in a country like that. Does anyone know any other venue from bringing money from Venezuela?

What about personal belongings that are too large to carry and cannot be sold? What are you guys doing with those? I know most people are just selling everything they own, but there are things that cannot be sold or left behind like items that are traditionally passed down generation to generation (like entire china sets, etc)? Does any one know a good shipping company that is reliable with valuables and fragile things like that?

[Meggers 0]

My mother will also be in the same boat. Everyday the government changes the systems and the rules and regulations, it is very unreliable to plan ahead in a country like that. Does anyone know any other venue from bringing money from Venezuela?

What about personal belongings that are too large to carry and cannot be sold? What are you guys doing with those? I know most people are just selling everything they own, but there are things that cannot be sold or left behind like items that are traditionally passed down generation to generation (like entire china sets, etc)? Does any one know a good shipping company that is reliable with valuables and fragile things like that?

I don't know if you have resolved this but it is my understanding that the usa has no restrictions on currency exchange. This means that you are free to do peer 2 peer exchanges and won't have any tax implications as long as you are not making money on the transaction. Selling Bolivar to USD at an unofficial rate should be fine. Please know that this is just my understanding from talking with my accountant and some online research.

As for moving precious items outside of the country I believe your best option would be to carry them on the plane with you using a checked bag or carryon. I have worked with shipping companies in the past and while the workers do try to be kind to your packages they do get beat up sometimes from falling off carts or accidentally being dropped. I will also guess that the price for an extra bag of luggage will be similar to the price you will pay for international shipping.