Thursday, October 15, 2015

Hotels, Drugs, and Convertibles: How I Lived Like a King for a Month in Venezuela for Just $115


This is because of the government's complicated and convoluted exchange rate controls, which I won't explain here, because a) I don't really understand them myself, and b) there are plenty of articles elsewhere written by people who actually know what they're talking about. What I do want to do here, however, is help my country's tourism industry by demonstrating that you can live like a king for an entire month in Venezuela with just one €100 bank note (about $115) thanks to these strange and confusing economic controls. If you're a local earning local money, life is tough—very basic supplies like toilet paper are in extraordinarily short supply and you'll have to wait in line for hours just to get your hands on them. If you're a tourist bringing over foreign currency, on the other hand, the country is your oyster. More…

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