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Econoinvest clients recover money but lose up to 50% of your investment

Almost a year after the operation of the brokerage Econoinvest, the board began yesterday liquidating payments to customers, who reiterated his anger over the fact that the accounts or loans they had in foreign currency are being canceled in local currency at the rate of 4.30 per dollar.

"I lost half of the investment was in dollars, but if the claim did not gave me the check and do not know how long it would take to give me an answer," said one person who attended the call and decided anonymity. Several

customers do not avoid arithmetic operations to determine how high the losses in view of their investment in foreign currency received. For example, if the transaction had been at a rate of 5.30 bolivars governing the dollar traded in the IMTS system, securities transactions in foreign currency. In this case, the loss is 18.8% but may reach 52% if the swap market was operating (was removed in April 2010) or some other parallel transaction.

inconvenience Another customer said that the meeting was published in liquidating a means of social communication of the debt amounts. "We do not understand why did that with the levels of insecurity in the country, "said another customer.

The meeting was convened yesterday were 200 people who were issued a check for the amount indicated in the statement and receive when they had to sign a certificate of settlement in which state that does not owe anything to the account you had in Econoinvest and liquidating the board is exempt from any claim.

for today is expected to continue the payment process an equal number of clients, including individuals and NGOs. The board believes that this first payment of debts is complete Monday 23 May to serve just over 2,000 customers.

El Nacional, 10/05/2011, A4, Andrés Rojas Jiménez