A socialist food distributor in Venezuela
was arrested this week for keeping “faulty” food packages and selling them on
the black market for 10,500 bolívars, about one-fourth of the state-mandated
minimum wage monthly salary. While Delimar Ríos, former head of a local Zulia
state council, pocketed the profits for herself, the official price of the
packages distributed by the Local Committees for Supply and Production (CLAP)
can go as high as 14,000 bolívars. According to conversion estimates by Dolar
Today, which tracked the value of Venezuela’s bolívar separate from official
government claims, 10,500 bolívars is worth an estimated $2.80, while 14,000
bolívars amounts to $3.73. More… 
Tuesday, January 24, 2017
Venezuela: Socialist Food Rations Cost 25% Monthly Minimum Wage Salary
A socialist food distributor in Venezuela
was arrested this week for keeping “faulty” food packages and selling them on
the black market for 10,500 bolívars, about one-fourth of the state-mandated
minimum wage monthly salary. While Delimar Ríos, former head of a local Zulia
state council, pocketed the profits for herself, the official price of the
packages distributed by the Local Committees for Supply and Production (CLAP)
can go as high as 14,000 bolívars. According to conversion estimates by Dolar
Today, which tracked the value of Venezuela’s bolívar separate from official
government claims, 10,500 bolívars is worth an estimated $2.80, while 14,000
bolívars amounts to $3.73. More… 
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