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RE: Crypto: Hope for Venezuela?
Do you have free access to foreign currencies or is it on the blackmarket only that you can get them?
Do you have free access to foreign currencies or is it on the blackmarket only that you can get them?
In Venezuela, a control has been established for 20 years. The only official holder of the currency is the state. To obtain foreign currency from the state, you have to comply with bureaucratic processes that take weeks or even months, and when you finally assign them to them, they never give you the requested amount. Then we must resort to the nego market and buy with a high percentage of surcharge.
So there is no way people would trade using usd? Probably acces to usd must be very limited?
Access to USD through official administrative sources is very limited. Only dollars are awarded to companies for the purchase of medicines, medicines, etc ...
Naturally, almost no USD is awarded. Unless you are a personero or have "friendship" with the government.
More and more Venezuelans use the American currency for everyday transactions. But they get them in parallel markets or "black markets." There the price of the dollar fluctuates without control and there is much speculation.
Currently 1USD = 100,000,000, or Bs.
It seems your government is really doing everything possible to take your money away and make your life difficult... I wish that 2019 will be the year when life starts to become better in Venezuela and in all the countries in the world.
Happy New Year !
Happy 2019 dear friend @achim03.