Thread

In Venezuela, the price difference between the official dollar and the black market rate is a huge 24%, and this is an advantage that many use to their advantage, since businesses in Venezuela are required to charge the official dollar for their items. I normally don't use cash. I always have BTC or USDT, and when it's time to pay for something, I exchange it for bolivars (at the black market rate) through an online exchange (100% reliable). This way, I always end up spending less or saving 24%. Basically, if a product is marked at $10, I only have to exchange $7.6 and pay with bolivars. It's incredible, but it's true.

Replies (8)

For example, today I went to eat with my girlfriend at an executive lunch restaurant (a cheap one) and the dish we ordered cost $3.52 each for a total of $7.04,
image image
I asked for the bill in Venezuelan currency (BS) they told me it was a total of 666 BS. so, to get that same amount of BS, I only have to sell $5,339 USD. image If I had paid in cash in dollars, I would have had to pay the full $7.04... crazy, right? Now imagine that with big numbers like $1,000 or $10,000, unbelievable!
Malos10's avatar Malos10
In Venezuela, the price difference between the official dollar and the black market rate is a huge 24%, and this is an advantage that many use to their advantage, since businesses in Venezuela are required to charge the official dollar for their items. I normally don't use cash. I always have BTC or USDT, and when it's time to pay for something, I exchange it for bolivars (at the black market rate) through an online exchange (100% reliable). This way, I always end up spending less or saving 24%. Basically, if a product is marked at $10, I only have to exchange $7.6 and pay with bolivars. It's incredible, but it's true.
View quoted note →