BLACK MARKET MONEY EXCHANGE?...US $--->VENEZUELA $

jacobglobo says on Sep 25, 2007, 11:34:

YES YOU CAN GET MORE THAN 4000 FOR 1 DOLLAR IF YOU CHENGE MORE THAN 1000 US AND IF YOU KNOW HOW TO BARGIN . I CHENGE 4000 LAST WEEK

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Tinto (Moderator) says on Sep 25, 2007, 11:52:

Apparently, some transactions go as high as 4850 bolivars per dollar

http://www.iht.com/articles/2007/09/02/bloomberg/bxbux.php

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expatriate says on Sep 25, 2007, 12:47:

How can a U.S. citizen living in Colombia make money doing this?

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robi666 says on Sep 25, 2007, 13:03:

Expatriate, go there, buy a 2007 car, pay import taxes and sell it in Colombia.

"I am a citizen of the most beautiful nation on earth. A nation whose laws are harsh yet simple, a nation that never cheats, which is immense and without borders, where life is lived in the present."

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expatriate says on Sep 25, 2007, 13:19:

robi666, I'll wait for a more detailed answer, since your answer only requires many more questions.

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Mr. Hollywood says on Sep 25, 2007, 13:19:

Do the official exchanges buy Bolivares back?

if so, you could sell dollars on the black market at, say, 4500 and then go buy back dollars at the official exchange rate. Somehow, though, I think they're smarter than that.

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robi666 says on Sep 25, 2007, 14:00:

Expatriate, I cannot give a more detailed answer. I don't think anyone will give you the way to make money without a little of work...
About cars, I know that there are people doing it right now.
I try to imagine...
For example, you buy a 2007 F150 in Venezuela, like 85.000.000 Bolivares, or 21.000 USD.
If you know the right person at DIAN, I am sure you can pay much less than 20.000.000 COP in taxes.
You can sell that car for 75.000.000 COP in Colombia.
So it's 55.000.000 COP or around 27.000 USD.
Those are rough figures... I am sure 6k or 7k USD can be done on it.
What you would need to set up:
1) Find out the right car to make business on it. You can use the Internet.
2) A sure way to bring the money to Venezuela.
3) A sure way to change it.
4) A dealer dealer who sells you the car in Maracaibo.
5) A person at DIAN in Maicao.
6) A good dealer in Barranquilla.

"I am a citizen of the most beautiful nation on earth. A nation whose laws are harsh yet simple, a nation that never cheats, which is immense and without borders, where life is lived in the present."

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critter says on Sep 25, 2007, 16:38:

I'm getting 5.000 b's to the dollar for cash and whatever the current rate is in the parallel market through my work. This website shows the oficial and "black market" daily rate:

www.veneconomia.com

I am always getting approached by venes "wanting to buy dollars" because they just HAVE TO HAVE such-in-such american product that requires dollars to make the purchase...then, when I tell them I would sell them only at the exchange rate I'm already getting, they first give me this look of shock (like how the f**k do you get that rate?) then they suddenly stop the desperate act and quietly go away. I'm positive they were hoping I was clueless about the parallel market and, consequently would jump all over some pathetic exchange rate over the official rate, like 3.000 bolos/dollar or something similiar. I haven't found the angle yet to take advantage of the dollar/bolivar exchange rate outside of venezuela. I do know the real street exchange rate for bolivares to peso is at only 40% (i.e. 100.000 bolivares will only get you 40.000 COP...trust me, I've done the math; even at the rate I get, there is no real incentive or advantage.

"Spending eternity in a bad place is a long time!"

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critter says on Sep 25, 2007, 16:48:

I will say the rumor-mill has it that the dollar will double in (black market) value here in venezuela, once the bolivar fuerte (dropping 3 zeros off the currency) replaces the "monopoly money" in circulation at present.

"Spending eternity in a bad place is a long time!"

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gold digger says on Sep 25, 2007, 21:12:

I thought that you can exchange B's for COP's at the Col. borders for close to 1 to 1.
Does anyone know this for sure?

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tomtom33 says on Sep 26, 2007, 05:27:

The Venezuelan government gives vouchers to its citizens. With these vouchers the citizens can buy x dollars per time period with Bolivars at the official rate. I think the x is around 5000 and the time period may be one year. I think that they may have to actually go to the US to be eligible to get the voucher.

A friend of mine from Maracaibo says that the black rate is 5000 now. He spoke of buying tickets to the US for friends to get their vouchers.

I'm sure there are money-making opportunities in Iraq as well. I'm not going to Venezuela any time soon.

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hrozob says on Nov 29, 2007, 05:56:

How save is it to change USD for Bolivares in the black market. Can anyone suggest a safe place to do it.?

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racumin says on Dec 17, 2007, 09:53:

I can understand the desire to exchange you're money on the black market to make your money last a little longer, but to try to cheat the system and make money off it is disgusting, especially when foreigners do it. You're taking money out of the country and hurting the economy. I hope anyone that tries it gets caught. They've already stepped up control of this. It's getting more and more dangerous to do stuff like this. What a bunch of jerks. Stay in your own countries and for Venezuelans doing it, you're traitors. A special comment for my people of Colombia. Venezuela is your brother country. You should want it too succeed and be strong, because they want to help you. Colombia is so fucked up because of greed and corruption. Please keep it on your side. Leave this side alone. We're trying to create something good.

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tomtom33 says on Dec 18, 2007, 04:33:

Geez Rac, take it easy on the Kool Aid.

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racumin says on Dec 19, 2007, 07:38:

Well, you told me. I've been living in Venezuela for a while and I've seen the reality of this place. There is already money coming in from the states to destabilize the country and all the rich trying to sabotage everything they can. I've seen it. The media lies like crazy. The last thing we need is another jerk trying to make a quick buck off us. That's the story of Latin America. Everyone trying to make a quick buck off us, then leaving the Latin American to deal with all the problems. Take it easy on the Kool Aid? That's the shitty American and European attitude that we hate. Condescending and dismissive. Just because a country chooses to follow a different path, doesn't make it wrong. The majority of people here are Chavista. There have been numerous elections to prove that. The failure of the referendum proves the legitimacy of the electoral process. It just makes me so mad that every time a Latin American country fights to regain control over itself and break the history of oppression, Americans and Europeans attack them and say they are not legitimate. Like we need your approval.

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tomtom33 says on Dec 19, 2007, 12:57:

The rich are long gone and have taken their resources with them. And you have no chance of any foreign investment except for Iran. If you want to emulate Cuba, have at it.

I do have a small stake in this. A good friend's parents still live in Maracaibo. He is very concerned for their welfare and so are they. They never leave the house after 7:00 pm.

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racumin says on Dec 20, 2007, 11:22:

You can thank the Governor. The Venezuelan equivalent of George Bush. Everyone here knows he's done plenty to undermine the government, including corrupting the police in Zulia. You should spend some time following all the ridiculous things he does and says. He's done a lot to trash Zulia.
If you think this country has no economic power without Unlce Sam, then you just don't know much about Venezuela. I mean what are your sources of information? Even international media has admitted that the economy here has risen substantially. There is plenty of investment here. China is a big one. The most notable work has been the integration of South American countries. Heard of Banco del Sur? That's Chavez. Before, there wasn't even a physical connection between countries here. That's slowly changing. This continent is one of the richest in resources, to the point where it could be self-sufficient. All we need is to get all these greedy foreign companies from stealing it all.
You haven't done your homework. The rich did not take their "resources." They took their stolen money. Instead of listening to what your friend tells you and what the media tells you, maybe you should spend some time living here. By that, I don't mean in a middle class gated community or your comfortable hotel, away from all the realities. IT's easy to see what you want to see, when you don't try to look at both sides.
One of the things that surprised me the most about Venezuelans (opposition) is they'll believe anything as long as it's convenient. They say the stupidest things I've ever heard. Not only that, but they are constantly caught contradicting themselves. I have been following both sides very closely and have talked to people all over Venezuela. The realities are very obvious. You don't have to be an economist or political science Phd to see. There's even tons of documents that prove so much of what I'm saying. The freaking wealthy people themselves will tell you these things. Ignorance is frustrating

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tomtom33 says on Dec 20, 2007, 12:05:

And Cuba is the workers paradise. Yes, ignorance is frustrating.

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racumin says on Dec 21, 2007, 18:45:

explain

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Dieseldog1 says on Dec 21, 2007, 20:56:

Rac.........your country is not in problems due to anything outside your own country..

Your issues are internal

I spent 7 years living in venolandia and found all of it a huge adventure.

It was when i arrived the most advanced latin american country.........even with a 'regime' in charge

Hugo has not helped the country in any way

Why fix the currency rate...... ???? it does not help the country
Why give out free food........is it not better to create jobs ?
Why attack the major manufacturers and producers of food and drink ? dont they supply the food ? don't they make jobs ?
Cuba a model.........
ask the cubans how they feel / oh sorry their so represed their only escape is a leaky boat to florida

Comunism....ha russia colapsed....does hugo think he can do it better ?

This years locura....

changing the countries time by 0.5 hrs......oh look he's a god...he can control time
6 hr working day.....ha does he really think every company will employ two people per day ?
Will the present workers accept half the money ?
extraction of Simon bolivars body...........cos chavez thinks he was murdered......so I suppose its nothing to do with his santeria witch ?

No other learned people think he was murdered, how does an un-educated dictator think he understands it better than people who have doctorates in historical study.

You ought to spend more time looking at why your country has the problems it has..........

you sell 3 million barrels of oil a day....PDVSA takes 9 months to make a decision.....

and you have main road bridges lying in river beds for more than 7 years...Caracas to maracibo

the last new road was stopped when Hugo took over............6 years in and its not moved ....

Caracas to PLC

yep the red shirts look cool... the new local meetings are the same as libya....yea they really work too.

Stop moaning take a look around the world at succesful countries and their democracy...and then take a long hard look at where your heading.

i'm not talking the US...........france/germany/canada/denmark/australia/spain/england/belgium/etc etc etc etc etc etc etc etc

I loved your country, but eventually found the lack of security was too much.

You could be the most advanced country in latin america.....if you stopped blamming others

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diabloblas says on Dec 22, 2007, 12:31:

I'm far from an authority on Venezuela but I did find it pretty easy to size up a venezuelan as to views on Castro when I was there.

While in gerneral I found the Venezuela security on a par with its neighbor Colombia I rate Caracas one of the most dangerous cities....at least around the sabana grande area. I winessed 2 nite time muggings from my room.

Also witness many a young male Venezuelan being randoming being pulled off for a search...scary & intimidating

In my unscientific study I found Venezuelan's to be slower to warm to me than in most latin countries and Colombia in particular. But not enough to keep me from returning. Still have a lot to see in any case

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racumin says on Dec 27, 2007, 13:23:

So when other countries change their currency, it's ok, but not us
if you really were here you'd know that there are tons more jobs. All the petrol money that was once stolen, is being invested in industries that were non-existent. You're completely bullshitting. If you knew the history and, well, anything, you'd know that before, there was no other industries and everything had to be imported. Not a good way to go. It's a setup for disaster. You really don't know anything. You probably regurgitate everything you hear. The suppliers of food are the ones making the problems. They hold products to artificially raise the prices. In any country that is illegal. I've been to Cuba too. I have family there as well. People there are very happy with their system. The problems have more to do with an inhumane embargo. Most people agree that not allowing medicine to enter a country is unethical, no matter what the reasons. The U.S. shouldn't have the sole authority to bully a smaller country to do what they want them to do. If anything, it's up to the international community to make those decisions. I believe in a 6 hour working day. You don't understand a socialism? Russia? That is a very uneducated comment. There is much writing on the collapse of Russia and I suggest you read it if you're going to comment. Besides, Every experience of the USSR was different. Azerbaijan, Byelorussian, Estonian, Georgian,Lithuanian, Ukrainian, etc. Some better, some worse. Not only that, you can't judge a system by one example. There were so many different forces at play there. You really don't know.
Are you against learning? You really believe Hugo is un-educated? He's probably more well-read than the whole whitehouse staff. Have you listened to him speak? He doesn't use speach writers, like your capitalist idols. Why is the intellectual community behind him? Do you read much? There is nothing wrong with historical inquiry. Even the most conservative historian will tell you that most of history is bullshit. But you'd rather hold on to accepted belief, right? Just like people who thought the earth was flat, creationists, etc. Do you even know anything about Bolivar? (I bet you'll google it know so you can reply).
I've taken many good hard looks at this country and it's much better off than most in the world. The quality of life is much much better. Yo're just to blind to see it. You listen to stupid horror stories of, I don't know what. The wealthy telling you that they had to follow a fair system that didn't oppress those dirty poor people. Oh no!
My point was that people who are not Venezuelan, should not interfere. It's not your place to judge or take advantage of black market exchange. It simply isn't your place. The Venezuelan people have the right to govern themselves how they see fit. Democracy here is much healthier than, say the U.S. Higher voter turnout, no fraud. Do I need to remind you of the all the fraud that goes on in the States. Do you really believe that a bunch of rich elites represent what the U.S. people want? George Bush? Florida? Everyone knows the Dems and Republicans are the same shit. Clinton did the same crap Bush is doing, only he was sneakier.
Stop blaming others? So when rich fucks from other countries interefere with Latin America, were supposed to ignore it. So Kirchner, Correa, Lula, Morales, Marquez, Benedetti, Chomsky, Galeano, Weatherford, (and the list goes on and on) are all wrong to denounce international crimes. We should allow things imposed on us like, banana republics, school of the Americas, Noriega, Pinochet, Fujimori, Iran-Contra affair. CIA interference, assaination, Coca-cola killing union leaders, the HUNDREDS of military invasions/interventions by the U.S., the funding of paramilitaries,(and this list goes on and on too).
So the U.S. is a great place? Where people are losing all of their rights, police brutality is everywhere, you can be sent to Gitmo with no habeas corpus. You're spied on. Or Colombia where you can't say anything against the government or else you end up disappeared (many people I know, including family has been witness or victims of this).
You really are aware of reality. Please don't come to Venezuela. In fact, it would be nice if you ent back to the States. I know how much you folks hate immigration, maybe you should lead as an example. You're only a detriment to my birth country.

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tomtom33 says on Dec 27, 2007, 14:15:

Guess I was wrong. Ignorance is not frustrating. It's fucking hilarious.

My pappy always told me never to get into a battle of wits with an unarmed man.

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rocinante says on Dec 27, 2007, 19:12:

The US and Europe have taken advantage of South America for too long - stealing is the word used by rac and nothing could be closer to the truth. "Enough is enough - get the fuk out of my country and get your hands off my resources - you don't belong, the debt we owed by having US banks loan us money to pay US companies to do work has been paid back tenfold. Thanks for stopping by." says Chavez.

I admire the guy for stepping up. Too bad anyone who steps up to the US is immediately portrayed as a crackpot by the media.

Does anyone ever think that maybe, just maybe, something or some policy that the US enacts is wrong? Maybe?

"World economic indicators point to a democrat winning 2008. It will surely be Obama. Peso 1400 by November" Feb 5, 2008

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tomtom33 says on Dec 28, 2007, 04:34:

Roci, does any government or country ever do anything right?

No one has to portray Tio Hugo as anything. He does a very good job of portraying himself, as a Nutball. Last I heard Tio controls his media.

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racumin says on Dec 29, 2007, 10:58:

tomtom. That proves my point. Most people are completely ignorant of the truth. They believe anything they're told. I'd say about 80-90% of the media is owned by private companies, all of which are corrupt and have no ethical standard. We even have cable, which has CNN and crap like that. I have seen things in person. I've gone to the marches, the protests, the speeches, by both opposition and government/chavistas. I always made it a point to go watch the news coverage afterwards and read the papers. The opposition channels and especially foreign channels always lie, distorted the truth, or make critical omissions . I witnessed it many times. You can't say I'm wrong because I saw it.
So, tomtom, how do you explain those discrepancies? Are you just more aware than I am? Somehow, you have the raw mental processing ability to decipher the truth from where ever you are, while I can't even tell if what I see with my own two eyes is real?
It's like arguing with a creationist. You find your gaps and when they get filled, you look for more gaps. Not a very intelligent way to look at the world.
Take the hostages getting freed. People are already searching for the gaps. They're accusing, without any hard evidence or even circumstantial evidence. They're just looking for the fuck of it. You know what happens when someone does that in academia? They are completely discredited and made a laughing-stock. Guess what, Chavez is getting shit done, unlike that evil murdering Uribe or his boss in the white house.
I can find gaps too. check it out. How come in the 90's, after a peace negotiation was signed and the guerrillas were giving up there weapons to join a "legitimate" political party, 3000 members of that political party were murdered? That's not what I call progress. How come when Chavez arranged the release of the videos of the hostages, the messenger was arrested and the videos not mentioned until Chavez had to denounce the Colombian government of trying to sabotage the peace efforts? How come now that the guerrillas made this peaceful gesture of releasing hostages, the Colombian military started operations in guerrilla territory? It doesn't sound like the Colombian government is looking for peace. It doesn't look like the U.S. wants it either. The U.S. isn't showing any interest beyond encouraging violence. Do you even know the history of the guerrilla movement in Colombia? It seems like the anti-Chavista, pro-American logic has much more gaps.
What does it mean that he portrays himself as a Nutball? Is that a verifiable fact? It sounds more like a Bill O'Reilly tactic. Name calling really proves something. If you don't live in Venezuela, you haven't heard him speak. They simply won't ever broadcast a whole speech or even a significant part of one for many reasons. All you hear are sound clips and if you don't know Spanish, bad translations of those clips. So, what is you basis for saying this? Are you telling me that you know because some one told you or you saw it on the news? Chavez is a very intelligent and eloquent speaker. He explains his ideas to very minute detail. I haven't heard him say anything that would make me believe he's a Nutball, or was that Nutjob? Sorry, I'm not good with that scientific jargon.

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tomtom33 says on Dec 29, 2007, 11:37:

You throw out inanity as though numbers of words make an argument.

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racumin says on Dec 29, 2007, 19:15:

Like I said, Bill O'Reilly. What do you even mean by that?

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robi666 says on Dec 29, 2007, 19:28:

racumin, mr., you left a comment with words like. "Please stay away from here. You're not wanted."
While I assure you that I haven't got any minimal intention to cross the border, I would appreciate if you could kindly remove that comment from my profile. You can write the same here, but on a profile page it is quite disturbing. Thanks.

"I am a citizen of the most beautiful nation on earth. A nation whose laws are harsh yet simple, a nation that never cheats, which is immense and without borders, where life is lived in the present."

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tomtom33 says on Dec 30, 2007, 04:36:

I don't need to shake the hand of Tio Hugo and listen in person to his pearls of wisdom to know that he has a screw loose. There is absolutely nothing you can say or do to change my mind. And I am equally certain that you can never see things as I do.

You needn't worry about me soiling Venezuelan territory any time soon, either.

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diabloblas says on Dec 30, 2007, 08:46:

tomtom...you sound lilke those tv minitries...don't confuse me with science or facts...i don't need to listen to anybody's argument as i know i'm right without any imput ...my mind is made up...now let me get back to those girls on my profile page.

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tomtom33 says on Dec 30, 2007, 09:12:

Not quite. He has not made a cogent argument for anything. And, given his comments to date, there is nothing that I can say or do to change any of his opinions.

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diabloblas says on Dec 30, 2007, 12:35:

good nite tomtom

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Dieseldog1 says on Jan 13, 2008, 10:57:

"So when other countries change their currency, it's ok, but not us"

Changing a hugely devaluated currency is quite common, physically trying to fix its value in international markets is not

"if you really were here you'd know that there are tons more jobs."

Not according to my friends who still live there...

All the petrol money that was once stolen, is being invested in industries that were non-existent. You're completely bullshitting.

Industrial growth collapsed during Chavez's rule, they have not grown, and still he attacks the only succesful companies that exist. Polar for example

You've imported through neccessity..........you export ???????? a bit of cacao, the odd banana and give free oil and gas to make friends.

"80 -90% of the media is in public control" .......sorry what country are you speaking about ?

Just turn on the TV or radio on a Sunday morning...what do you get on every single channel ?

6 hrs of fun and salutations with Chavez and his cronies.......thats because they are controled by the governement...not because they all want to stop normal programming and listen to him.

I think you'l find Globovison is your last independant TV company out of how many channels.. ?

Oh and his international 'help ' with the country next door..............I'd call that indirect subversion of the government of Colombia....

Your borders are flackey as is and its well known that the Farc hang out in venezuela between raids, and where exactly I wonder do they get their weapons......

I have family working the border of colombia in pay of the venezuelan army.....

Chavez would love to see Bolivars, United States of South America,

support of the terrorists in the country next door is not an act of friendship or international diplomacy.

you really ought to get out more.

Russia.....I was there prior and after the collapse.....if you read....why not try Animal farm.........by George Orwell written in 1945........and foretold the collapse.

Cuba...man open your eye's


Nutjob..............

having a santeria witch as an advisor
trying to HUG the Queen of England
refusing to stop waffling at an international conference even after they'd turned off his microphone
asking about the smell of sulfur at the UN...( actually I found it quite funny) but still is outside the lines of normal politeness
6hr working day.....how exactly do you become a developed country if you don't work ?
refusing US help after the Vargas floods......why not take a drive down the coast road..............there are houses still full of mud 7 years on.........

any way back to my breakfast of Arepa, carotas negras et huevos revueltas......

By the way I'm not American.......

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quantum says on Aug 5, 2008, 16:11:

This has got to be one of the more interesting exchanges on PBH. I came back to take another look as I was thinking about taking a fact finding tour to Venezuela soon. Wow, any chance we can get this rolling again? I read an article online which included a statement made by some woman on the outskirts of Caracas who claimed that whiskey and cigarettes and guaro were abundant but real food was getting scarce. Now whats goin on with that. Lets get a 7 months on update on this topic............

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jesusp says on Sep 1, 2008, 04:55:

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