The ‘Cheapest’ Country in the World

“In socialist Venezuela, those with access to foreign currency can propel themselves into the one percent, flying around the world and living in five-star hotels, while locals earning in Bolívares battle one of the most expensive economies on the planet, struggling to find and afford basics such as cooking oil, chicken and toilet paper. Fed by inflation, the divide has grown rapidly in tandem with the expansion of the black market.  Those with dollars, or any hard currency, are able to take advantage of the thriving black market by buying local money either in shady street deals or in white-collar transactions with willing brokers by transferring their money between international bank accounts.”

http://world.time.com/2014/01/23/venezuelas-currency-controls-propels-those-with-connections/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin