Jump to content

A look into Venezuela's broken economy


hypebeast

Recommended Posts

Minimum wage: 7.421,67 BsF, which is 247,38 BsF a day.

Our highest value bill is 100 BsF, lowest value is 2 BsF.

One dollar is "supposed" to be worth 12.80 BsF. If this was true, it'd be great, out salary would be 19$ a day, sounds great right?

 

But the harsh reality is that in truth, one dollar is worth 630,62 BsF due to the high inflation rates and it keeps on rising every week (or sometimes every day).

 

That would make or minimum monthly wage a whopping 0.39$ a day. Doesnt sound so great anymore does it.

 

Why does this happen? Well, theres a dollar drain in the country, and in an american country where our economy is really based around importing and exporting in DOLLARS, this is not good. There's continually less dollars that belong to Venezuela basically. Our economy is basically a dollar based economy disguised as a "bolivarized", strong economy. We buy everything in dollars but converted to Bolivars.

 

Well I would continue explaining how our funked up economy works, but I'm feeling extremely lazy so yeah I might continue later and list off the price of some things you can buy everyday but I dont wanna do it off my mind cause I might list wrong prices. I just wanted to state the facts about our economy.

 

 

 

 

 

 

 

 

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

×
×
  • Create New...