Originally Posted by
Lakeviewsteve
They need to write it down to the lower of fair market value or net realizable value in accordance with US GAAP. Any U.S. company doing business in Venezuela would be subject to the same. Argentina is just as bad, and Brazil is pretty bad as well in terms of getting you're money out of the country. China is no piece of cake either. In all these cases the government has to approve the money transfer!
Argentina has greatly loosened its restrictions. AA also limited its exposure by inhibiting ticket issuance in both Venezuela (and Argentina for a short time) as to not add to its pile of cash held in deflating and hard-to-repatriate funds.