Ipostel puts CAF postage stamp into circulation

(Caracas, June 7, 1995).-- On the occasion of commemorating 25 years of CAF activities, the Venezuelan Postal Telegraph Institute (Ipostel) put into circulation today a special postage stamp issue. The series, named "25 years of the Andean Development Corporation" consisting of 500,000 postage stamps and 3,000 first-day covers, was presented in the CAF headquarters in Caracas.

The presentation was attended by CAF President & CEO Enrique García, and Ipostel President Edmundo López Ortega who, after participating in the opening of the Gran Mariscal de Ayacucho Antonio José de Sucre Auditorium, proceeded to sign the first-day covers for the numerous philatelists invited for the occasion.

In accordance with Resolution 155 of the Ministry of Transport and Communications, the postage stamps for franking correspondence and the first-day covers will have a face value of Bs.80 and Bs.10 respectively. The CAF president said similar philatelic activities would be held soon in other member countries.

CAF, in activity since 1970, is a financial institution which provides multiple services and acts as a bridge between the international financial markets and the Andean region. Its shareholder base unites Bolivia, Colombia, Ecuador, Peru and Venezuela with the extra-regional members Mexico, Trinidad and Tobago, and Chile, along with 22 private banks from the region.