Learn how to obtain paperwork from ISSS which is required by CADIVI. Click here to download the CADIVI Letter Request Form.
What is CADIVI?
CADIVI (Comisión de Administración de Divisas - Commission for the Administration of Currency Exchange) is the Venezuelan government body which administers currency exchange in Venezuela. Commercial banks and other authorized exchange agents are required to obtain authorization from CADIVI in order to trade Bolίvares Fuertes (VEF) into U.S. dollars (USD). More information is available at www.cadivi.gob.ve.
Who utilizes the CADIVI process?
- Students and scholars in F and J status attending UT Austin who wish to exchange VEF into another currency.
What is the CADIVI Process?
- Students must provide multiple documents (listed below) to CADIVI in order to benefit from a favorable exchange rate.
- If CADIVI approves the request, funds can be transferred at a favorable exchange rate.
- If CADIVI denies the request or the process is delayed, the student is responsible for finding alternative means of payment.
How do I Request a CADIVI Letter from UT Austin?
Submit a CADIVI Letter Request Form via e-mail to CADIVI@austin.utexas.edu or drop off your application in person to The International Office front desk. ISSS will notify you in three to five business days to pick up your official, signed and notarized UT Austin Letter. Note: You will be required to present your EID for identification purposes.
If you are unable to pick up the letter in person, ensure that you have authorized a friend to pick up your letter or completed the mailing address on the CADIVI Letter Request Form and the letter will be delivered to you via your specification.
What Details are Included in a CADIVI Letter?
All letters issued by ISSS are in a format consisting of only that information which is required, as determined by best practices in the field. A sample letter will also be attached to your CADIVI Letter Request Form so that you can request any changes as deemed necessary. The letter will include: academic information (enrollment start date and end date, expected graduation date, degree/major, current enrollment and previous semester enrollment if applicable). ISSS cannot verify any upcoming semester that a student is not enrolled in. The letter will also include the required University expenses: tuition and medical insurance and the previous semester’s expenses if applicable. Only expenses that appear on your student account can be included in the CADIVI letter.
The original CADIVI letter written in English will be signed by an advisor and the advisor’s signature will be notarized. Please note that it is your responsibility to get your original CADIVI letter translated into Spanish and notarized as a true and exact translation. UT Austin employs the following public notaries on campus:
- University Co-op, information desk (walk-in during business hours)
- ISSS (contact for availability)
- Student Legal Services (contact for availability)
Required Procedures and Documents
- Registration with CADIVI: www.cadivi.gob.ve
- Form I-20/DS-2019 or corresponding document confirming enrollment dates and cost of attendance (must be notarized then sent to the Capital for an Apostille)
- Acceptance Letter from UT Austin (first semester only) or class schedule
- Form I-20/DS-2019, Form I-94 Arrival/Departure record, visa, passport identification and expiration page(s), & Venezuelan ID (cedula)
- 2 applications (Constancia de Registro Consular & Registro de Venezolanos)
- CADIVI Letter from UT Austin
- All of these documents must be sent to the Venezuelan Consulate
- Once received from the Venezuelan Consulate, documents can be sent to Venezuela
- Proof of previous CADIVI funds transfers (if you have been approved in the past)