Latin America

On the Road

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8. You're Right, I Hadn't Known About the Dual Exchange Rate

Wed Sep 12, 2012, 09:58 PM

Sep 2012

although this article says that it has since been dropped:

http://www.eluniversal.com/2010/12/30/en_eco_esp_venezuela-announces_30A4912931.shtml

The exchange rate is now 4.3 bolivars to the dollar, but that seems to be a new currency introduced in 2007, so direct comparison is difficult.

However, the source mentioned in the OP seemed to be depicting Venezuela as having extraordinarily high prices. In 2004, it was extraordinarily cheap, and nothing in the exchange rates would have accounted for that large a swing. Without further corroboration, I just have to take that observation with a grain of salt.

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Why so few tourists go to Venezuela? (Spanish) [View all] Bacchus4.0 Sep 2012 OP

Not to worry. Hugo will probably move towards COLGATE4 Sep 2012 #1

only Paraguay has received fewer visitors in Spanish/Portuguese America Bacchus4.0 Sep 2012 #5

there are too many other places to go that are economical Bacchus4.0 Sep 2012 #2

Where are a Sandwich and Water Supposed to Cost $25? On the Road Sep 2012 #3

2004 was before the dual exchange rate that was instituted a couple of years ago n/t Bacchus4.0 Sep 2012 #4

You're Right, I Hadn't Known About the Dual Exchange Rate On the Road Sep 2012 #8

I would like to visit venezuela Roverticus Sep 2012 #6

How unsafe is it for a tourist? naaman fletcher Sep 2012 #7

If You've Traveled in Africa, On the Road Sep 2012 #9

I will say naaman fletcher Sep 2012 #10

I Expected to Find Some Anti-American Sentiment On the Road Sep 2012 #12

thanks naaman fletcher Sep 2012 #13

You'd probably be OK outside of Caracas but COLGATE4 Sep 2012 #11