The 10.3 u$s per month is possible. You have to remember that using the government exchange rate, food also is very cheap. Gas is almost free, IIRC about 5 or 6

The 10.3 u$s per month is possible. You have to remember that using the government exchange rate, food also is very cheap. Gas is almost free, IIRC about 5 or 6 bolivars to fill a tank (about 0.006 u$s I think). The thing is, you cannot buy anything imported because then the real exchange rate goes, and you actually can buy only u$s 10 worth of imported stuff. You are forced yo spend your salary in locally-produced stuff, that actually kinda work for countries like Argentina that produces a lot of stuff (except computers and high-tech products), but do not for Venezuela, that only produces oil. Interestingly, what happens if you go with your US-savings, say, u$s 50000 to Venezuela? well then you are basically a king there. You could buy half a city with that money, thats why they had to put laws to prevent foreigners to do that kind of thing. TLDR: You can be rich with u$s 10/month, as long as you dont leave the country and don't buy anything imported.