Students who need to exchange Venezuelan Bolivar (VEF) into United Stated Dollars (USD) are required to provide verification to the Venezuelan Government of the cost of tuition at the student’s current university. At The University of Texas at Austin, verification is provided in the form of a letter by International Student and Scholar Services (ISSS).
Read below for additional information regarding this requirement and to learn how to obtain the appropriate CENCOEX letter from ISSS to facilitate this process.
What is CENCOEX?
CENCOEX (El Centro Nacional de Comercio Exterior, formerly CADIVI) is the Venezuelan government body which administers currency exchange in Venezuela.
More information is available at the CENCOEX website.
Who utilizes the CENCOEX process?
Students, in valid F or J status, who are currently enrolled at UT Austin and who need to exchange VEF to USD to pay tuition at a favorable exchange rate are eligible to request the necessary paperwork from ISSS.
What is the process to request a CENCOEX Letter from ISSS?
To request a CENCOEX Letter from ISSS:
- Download and complete a CENCOEX Letter Request Form
- Obtain a copy of the requested semester’s FINAL tuition bill from the Office of the Registrar
- Submit a completed CENCOEX Letter Request and copy of final tuition bill to CADIVI@austin.utexas.edu
Based on the provided information, ISSS will issue an official and notarized tuition verification letter. Students will be notified via email when the letter is ready to be picked up.
Note: Processing times for CENCOEX letter issuance is up to two weeks
What Details Are Included in a CENCOEX Letter?
The CENCOEX letter will include
- Verification of student's enrollment
- Verification of current semester tuition and fees
- Verification of the prior semester’s classes, tuition and fees, if applicable
Note: Only expenses that appear on the UT tuition bill can be included in the CENCOEX letter
Here is an example of the CENCOEX letter format. (PDF)
When can I request a CENCOEX Letter?
Up to three CENCOEX letters can be requested per semester. Please see below for the requirements and timeframes for requesting each letter.
- The initial CENCOEX letter can be requested between the finalization of the requested semester’s tuition bill and the 12th class day. Initial CENCOEX letter requests will not be accepted after the 12th class day. The 12th class day for spring 2015 is February 4th.
- A second CENCOEX letter is available for students to confirm academic standing and final tuition bills at the end of the semester. This second letter may be requested from the last week of classes to the official graduation date of the requested semester. The official graduation date for spring 2015 is May 23rd. No secondary CENCOEX letter requests will be accepted after this date.
- A third CENCOEX letter is only available if one of the students' prior letters was rejected. In order to receive a revised CENCOEX letter, the student must show proof of rejection from CADIVI as well as a list of changes that must be made to the letter.
CENCOEX letters will be written in English and the ISSS signature will be notarized.
Note: It is the student’s responsibility to get the ISSS issued CENCOEX 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)