Buying Into a Bubble: The Black Market Dollar in Venezuela

[Paolo123]

1. Well he might be right

There is no question that the fair value of the Bolivar is lower than the official rate, but there is really no way any of us know if that value is 10,20,30,40, or 50 to 1. It might very well be 20 and will eventually revert there.

For those of you in Venezuela I (for recreation) am an ocean sailor. Does anyone know if I came to Venezuela with 10 - 15K USD if I could exchange it for a boat that is worth 50 times that in the US and sail it to the US and sell it?

This is what used to go on in South Africa during apartheid. They wealthy couldn't get their assets out so suddenly South Africa developed a ship-building industry with costs in Rand and the owners would sail them to Europe and sell them for the local currency there.

I've been wanting to try to pull that off in Venezuela.