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RE: Crypto: Hope for Venezuela?
So there is no way people would trade using usd? Probably acces to usd must be very limited?
So there is no way people would trade using usd? Probably acces to usd must be very limited?
Access to USD through official administrative sources is very limited. Only dollars are awarded to companies for the purchase of medicines, medicines, etc ...
Naturally, almost no USD is awarded. Unless you are a personero or have "friendship" with the government.
More and more Venezuelans use the American currency for everyday transactions. But they get them in parallel markets or "black markets." There the price of the dollar fluctuates without control and there is much speculation.
Currently 1USD = 100,000,000, or Bs.