No More Fancy Fish in Margarita
The dollar dynamics have changed the fishing industry on the island. The best fish is sold abroad for greenbacks and very few locals can enjoy the juiciest catch
Tag: Transactions in dollars
How Dollars Make It Into Venezuela
Spontaneous dollarization seems to have taken over Venezuela. Even Maduro admitted it represents an “oxygen valve.” Two experts describe the different sources of cash dollars.
Goodbye Bolivar
Venezuela’s currency is dying not with a bang, but with a whimper as virtually all large —and many mid-sized— transactions are switching, de facto, to the dollar.
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