Quote:
Originally Posted by After Shock Media
What you mean by probably reduce the amount of dollars each venesuelan can spend.
PS - You really going to rush out to fill your car up? WTF are you woried about a single signup even on revshare would probably keep you in gas for several months.
|
There is an currency exchange control in Venezuela since 2002. That means the government set a single price for the dollar (Bs.2.15 per dollar) and also limits the amount each venezuelan can spend in a single year.
Last year,with credit cards, you could spend $3000 on electronic transactions (internet) and $5000 for travellers.
Then, the government reduced those amounts to $400 for electronic transactions and $2500 for travellers.
Of course when you have these kinds of controls , there is a black market. In the black market, each dollar costs around Bs.6 right now. So you have people that buy dollars at the official government price (Bs.2.15) and sell at the black market rate.
A bunch of people started setting up fake online stores to "sell" stuff. People started charging the credit cards for the electronic transactions online and then the owners of these fake stores gave them the actual money in cash or dollars deposited in foreign accounts minus a fee. Many people made a LOT of money doing that hehe...
Most of the money (in $) I make online I save or invest back in to online ventures. My daily living expenses are covered by my day job.
The only time I sold dollars here at the black market rate was to buy a new car 'cos my old one was giving me too much trouble.
I just filled my car up just in case tomorrow is the last day of cheap gas hehe...for nostalgia.
