350% markup to get cash in Venezuela
"Zamuros" of cash rate advances to 350%
Andrea Salas
Translated from Spanish
They started asking for 5%. They reached 100%. But the cash vendors do not settle. They want more.
Now they debit up to 350% for each cash advance they make in the city.
The urgency of some to obtain cash reaches unsuspected limits. Mélida Labarca, from San Francisco, had to travel and had her purse empty. After touching all the doors, without obtaining results, he turned to a narcotics salesman. "I felt very scared because I knew what I was getting into, but that was it or not to travel. Although the person does not sell money, he changed me above 200%, "he said.
In a school in the Raúl Leoni parish, the teachers "paraded" through the second grade classroom. The reason: one of the students had, daily, Bs. 300 thousand in cash for breakfast. "Everyone was asking for him. The teachers bought the food with a point and they kept the money. He was unbearable and that's why the parents were asked not to give him more money," said one representative.
As if he had walked over embers, Denis Rosales arrives at his house at 4:00 in the afternoon. He did not have breakfast or lunch, conditioned by the haste to get to the bank in time to collect his pension. Once again, the sacrifice he undertook since 3:00 in the morning was insufficient: he did not receive cash.
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http://www.panorama.com.ve/ciudad/Zamuros-del-efectivo-tasan-los-avances-al-350--20180525-0102.html
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