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Re: [Debconf-team] DC14 bids: money handling

Hi Philipp,

El 15/03/13 07:29, Philipp Hug escribió:
Hi Luis,

So, it's the best solution to not convert any USD into Bolivares and use
the dollars directly to pay to an USD account of the food/accomodation
and maybe day trip provider?

That's right. Converting USD to Bolívares would be our last resource.

Do do you think we can find such hotels, food providers and travel
agencies? And is it legal to do it this way?

Yes, Hotel Maremares supports this type of payment, and is totally legal. As Puerto La Cruz is a touristic place, this type of transactions are very common.

Do you already have an estimate on how much money you could raise
locally? Would it be enough to pay all providers that don't accept USD

This is quite unpredictable. I will try to make an exercise.

For one of the institutions that support FOSS events, we could estimate an amount of money thats similar to the money contributed to the last "Cayapa Canaima", which was 160,000Bs (25,396USD). Fortunately, there are at least other 10 institutions that traditionally help the FOSS movement, which we have direct access to.


On Wed, Mar 13, 2013 at 11:01 PM, Luis Alejandro Martínez Faneyth
<luis@huntingbears.com.ve <mailto:luis@huntingbears.com.ve>> wrote:

    Hi Moray,

    El 01/03/13 18:16, Moray Allan escribió:

        DC14 bid teams,

        How do you plan for money handling to work in your proposed

        For the USA, I assume the answer will be "use SPI", but feel free to
        comment further.

        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
        control to protect the internal cashflow. This might become an
        in our logistic."

        I don't think that having to exchange money through official
        is a problem, it just means we need to make our plans using the
        exchange rates.

        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

    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

    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

    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

    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 [0]. 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 sponsored locally.

    [0] http://fedoraproject.org/wiki/__FUDCon:Valencia_2012

    Luis Alejandro Martínez Faneyth
    Blog: http://www.huntingbears.com.__ve/
    Twitter/Identi.ca: @LuisAlejandro
    ED51 8FE7 4107 715D 0464 8366 F614 5A95 E78D AA2E


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Luis Alejandro Martínez Faneyth
Blog: http://www.huntingbears.com.ve/
Twitter/Identi.ca: @LuisAlejandro
ED51 8FE7 4107 715D 0464 8366 F614 5A95 E78D AA2E


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