The cost of .VE domain names to registrars jumped in price by over 50
per cent on 5 January and is set to jump in price again even further in
coming days in rises that will see the prices charged to registrars
almost double.
In an announcement from the National Telecom Commission of Venezuela
earlier this month, the government agency announced the fee will now be
set in 1 UT ("Unidad Tributaria" or "Tax Unit"), and will no longer be
Bs. 25. Currently 1 UT is equivalent to Bs. 65, but this will rise in
coming days to close to Bs. 80, to compensate for inflation (26.90% in
2010 in Venezuela). To make matters more complex, starting this year,
the applicable exchange rate for US dollars will hike from former Bs2.60
to new Bs4,30.
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Follow this link to register your .VE domain name.