tag:blogger.com,1999:blog-1382854410055463830.post4063599570220246397..comments2024-03-22T11:27:23.011+05:30Comments on The Stamps of Velu: Venezuela No 2Veluhttp://www.blogger.com/profile/09663873372964194895noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1382854410055463830.post-7720369659813452572009-11-24T20:52:19.073+05:302009-11-24T20:52:19.073+05:30Hey,
Just a note to tell you that the notation UT...Hey,<br /><br />Just a note to tell you that the notation UT means UNIDAD TRIBUTARIA which is a unit of measure used in Venezuela to denote the cost of some operation and transaction made with the Venezuelan State. As Venezuela have high inflation rates ¿over 30)/yearly?, to use concret amount of bolivares to express how much is to, say, register a document in a notary, is simply nonsense. So the goverment say that to register a document is 1UT forever... and year after year they adapt the cost of a UT (being around 55 BsF this year). This way they can print fiscal stamps and, in some way, easy the process. I hope it helps.Willhttps://www.blogger.com/profile/06876359641720428693noreply@blogger.com