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Dolares-y-bolivaresThis is a timely article from the foreign press about the Venezuelan Economy.

“This is the holy grail,” Vinny says as he boards the flight to Milan. The journey will earn him some 100,000 air miles and help re-qualify him for American Airlines’ highest frequent-flier tier. When using money obtained on the black market, the cost of flights out of Venezuela can be up to ten times less than normal market prices. A return flight from Caracas to New York can effectively cost $150; to London, $300; and to Dubai, $500.

Read more: Venezuela’s Currency Controls propel those in the know to the top | TIME.com http://world.time.com/2014/01/23/venezuelas-currency-controls-propels-those-with-connections/#ixzz2rcfRDNun

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This entry was posted on January 27, 2014 by in Michael and tagged .

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Neverita

Neverita

I'm a mom to an amazing little boy, wife to a supportive and adventurous husband, teacher in an international community, and lover of gardening, reading, cooking shows, lattes, and sharing.

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