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Latin America
Related: About this forumVenezuela surreal prices
http://widerimage.reuters.com/story/venezuelas-surreal-pricesChavistas emphasize that Venezuelans don't get paid in dolars so here is an example of what prices cost in Bs, the official exchange rate, and the minimum wage.
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The government of President Nicolas Maduro says the country's minimum wage of Bs. 4,252 is the highest in the region when converted to $675 using the official exchange rate. However, the galloping black market for currency actually rates it at just $42.50 when converted at the street rate of Bs. 100 per US dollar.
A box of 36 coloured pencils sells for $115, equivalent to Bs. 725.
A 50 lb. (22.7 kg) bag of Purina Dog Chow costsf $272, equivalent to Bs. 1,716.
A pair of Levi's 501 jeans costs $793, equivalent to Bs. 4,999. A pair of jeans is more than the monthly wage.
A hairdryer costs $697, equivalent to Bs. 4,392. About the same as the MW.
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Venezuela surreal prices (Original Post)
Bacchus4.0
Feb 2015
OP
OMG, how do the folks do coloring, feed their dogs, wear pants or dry their hair?
Fred Sanders
Feb 2015
#1
Fred Sanders
(23,946 posts)1. OMG, how do the folks do coloring, feed their dogs, wear pants or dry their hair?
Zorro
(15,750 posts)2. Why are you so gleeful about the misery of Venezuelans?
Fred Sanders
(23,946 posts)3. Why are you such a fan of strawman questions?
Zorro
(15,750 posts)4. Why do you express derision for the suffering of Venezuelans?