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> The thing is you can sit here and say the dolar is 1:2000 but it doesn't really mean thats the cost, thats where everyone fails, because neither the venezuela
by wtbob 10y ago
> The thing is you can sit here and say the dolar is 1:2000 but it doesn't really mean thats the cost, thats where everyone fails, because neither the venezuelans have the money to pay for it or people want our currency, there is an special case of people doing this kind of trades and are the ones that are fleing the country, emigrating to other places and are desperated in need of USD
That's what a price is: the point at which twp parties are willing to trade ownership of their goods and both feel that they have come out ahead of the exchange. If there's very little demand for Venezuelan currency, then of course it will be very cheap in terms of dollars (and high-demand currency, e.g. the dollar, will be very expensive in terms of bolivars).