In 1983, a similar agency called "Differential Change Regime" (Régimen de Cambio Diferencial(RECADI)) was established to manage a system of differential exchange rates and capital controls,[REF] and disbanded in 1989 when the differential exchange rate system was abolished [REF].
Exchange controls under CADIVI were adopted on 5 February 2003 in an attempt to limit capital flight,[REF] in the aftermath of a two-month strike/lockout aimed at toppling the government, which saw GDP fall 27% during the first four months of 2003 [REF].