National Center for Foreign Commerce

National Center for Foreign Commerce (CENCOEX)
Centro Nacional de Comercio Exterior
Agency overview
Formed2015
Preceding agencies
  • Régimen de Cambio Diferencial (RECADI) (1983–2003)
  • Comisión de Administración de Divisas (CADIVI) (2003–2015)
JurisdictionGovernment of Venezuela
HeadquartersCaracas
Annual budgetUS$50 billion (2009)
US$30 billion (2010)
Parent agencyMinisterio del Poder Popular de Planificación y Finanzas
Websitewww.cencoex.gob.ve

The National Center for Foreign Commerce (Spanish: Centro Nacional de Comercio Exterior, CENCOEX), formerly the Commission for the Administration of Currency Exchange (Comisión de Administración de Divisas CADIVI), is the Venezuelan government body which administers legal currency exchange in Venezuela. The official buy/sell exchange rate was initially fixed at Bs.F. 4.28/Bs.F. 4.30 per US dollar (USD).

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