The Foreign Exchange Administration Board (Cadivi) said it authorized sales of USD 3.13 billion in January 2007, with average daily sales at USD 142.3 million, and applications amounting to 42,615 in the same month.

In a press release, Cadivi said authorizations soared 85.9 percent versus USD 1.68 billion authorized in January 2006, when daily authorizations of US dollar sales at the official rate averaged USD 80 million.

In 2006, daily authorizations of US dollar sales at the official rate averaged USD 110 million.

In 2006, the amount of USD dollar allocated to Venezuelan credit card holders for purchases abroad and over the Internet amounted to USD 268.6 million.