2 ms·
Ahhh... I think you didn't understand what I'm saying, or didn't add enough corruption and/or personal influence. Let me give you a concrete example. Let's say
by jimmywanger 10y ago
Ahhh... I think you didn't understand what I'm saying, or didn't add enough corruption and/or personal influence. Let me give you a concrete example.
Let's say you have a connection in the government, maybe your uncle is high up in politics. So the 10:1 bolivar to dollar rate is given by the government for essential supplies (who has hard currency reserves), but you need to know somebody to get it.
So your uncle hooks you up, and gives you 100 dollars for 1000 bolivars, cause you want to import 100 pounds of flour, because flour is an essential supply.
You turn around, buy 10 pounds of flour for 10 dollars, and then on the black market exchange 90 dollars for 90,000 bolivars. You have just made an incredible profit for doing nothing except exploiting your contacts. And since you still have the flour contract you can do this indefinitely, until your uncle gets tired of your leeching ass and kicks you out.
Does that make more sense?