The Office of Differential Exchange Regime (RECADI) was an currency exchange control system in Venezuela implemented during the government of Luis Herrera Campíns that operated between 28 February 1983 (ten days after Viernes Negro) and 10 February 1989 to regulate the delivery of foreign currency.
1,544, RECADI ceased its functions; foreign currency purchase and sale operations, still restricted by the government, became directly administered by the Ministry of Finance.
On 24 February, an investigation was opened by presidential order against RECADI for alleged financial fraud.
[1] RECADI constituted a break in the highlight of Venezuelan corruption, and became a major scandal in 1989 when five former ministers were arrested.
Since then, the constant devaluation of the bolivar, complications with the payment of the foreign debt, the accelerated deterioration of the purchasing power and the implementation of RECADI made the stability of the Venezuelan currency disappear.