Re: [Debconf-team] DC14 bids: money handling
El 01/03/13 18:16, Moray Allan escribió:
DC14 bid teams,
How do you plan for money handling to work in your proposed location?
For the USA, I assume the answer will be "use SPI", but feel free to
For Venezuela, the bid page says, "Venezuela has a currency exchange
control. It is illegal for people to exchange dollars, euros, other, for
bolívares (official currency), unless is done through official
institutions. In the past, the country had large losses of money due to
the flight of capital. The government implemented a currency exchange
control to protect the internal cashflow. This might become an obstacle
in our logistic."
I don't think that having to exchange money through official mechanisms
is a problem, it just means we need to make our plans using the official
But what are the controls on money entering and leaving the country? Do
we need special permissions to send money into the country, and how
difficult is that/how long does it take?
For individuals, one can enter and leave the country with less than
$10,000 without having to declare such amount. Also, the use of credit
and debit cards is accepted globally (on mayor stablishments). For
things like buying souvenirs or eating on a street stand or renting
water motorcycles, people are going to need Bolívares.
For international money transfers, the operation is a bit tricky. It is
permitted to have dollar accounts on venezuelan banks, but as this was
implemented recently, the conditions and requirements to open this kind
of accounts are not as clear as we would expect. A legal entity should
open the account, among some other tricky requirements. After the
account is set up, it can recieve money transfers from outside, and then
it can be cashed out in Bolívares on a local bank. This is the only
official way to introduce foreign funds into the country. However, this
is not a path we recommend to follow.
There is another legal way. If the operation occurs in a country where
there is no currency exchange control, it would be ok. For example, the
local team can partner up with a local company (travel agency, FOSS
startup, ...) that has an account outside the country to receive dollars
and give us Bolívares in Venezuela (at official rate).
And there is yet another legal way. Transfers can be made directly to
providers that have an account outside the country. For example, The
hotel we are proposing has accounts outside, and possible, the tourist
agency which would provide us with transport+food to the Day Trip.
There's also to take into account the proportion of the budget that can
be covered through local sponsoring.
As discussed on [debian-ve], we would like to state that receiving
sponsoring from SPI is a matter that has to be managed with anticipation
and special attention. It is better for us to use SPI sponsoring on
specific things like the hotel or food providers payment.
What about getting money out
of the country -- what are the barriers to doing bank transfers to
transfer un-spent money (or profit from merchandise etc.) to another
Getting money out of the country is very complicated, but not
impossible. It has to be done directly through CADIVI (official currency
exchange operator), or through representatives that make the CADIVI
procedure for us. One of the limitations is that CADIVI only allows a
maximum amount of 900USD to be transferred per month.
If it is to be done through a representative (most likely) they will
receive Bolívares and convert them to USD at the official rate (6,30).
Do you know of another international event which dealt with these issues
which could tell us about their experiences?
Yes, Venezuela held the Fedora Developers Conference (FUDCON) last year
. Its main organizer, Maria Leandro, has been a very important source
of information to start this phase of the bid process.
Basically, its the same working scenario. RedHat sponsored the major
part of the budget by paying directly to the hotel in Venezuela and
other stuff outside the country. It was a determinant aspect that the
hotel had an account outside the country. The rest of the budget was
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