Venezuelan authorities artificially maintain the exchange rate at 6.3 bolivars per U.S. dollar, trying to avoid an official devaluation. However, it is held in a latent form. If the prices were calculated at the official rate of iPhone 6 would now be worth more than $45 000.
Experts believe that the drop rate for the Venezuelan Bolivar has accelerated, and now it makes up only 1% from the official rate. The web page dolartoday.com turned into informal data black market exchange, reports <url>. On Thursday (July 9), she showed the course in 591,8 bolivars to the dollar, and is only 1% from the official rate.
In the end, on parallel course the largest denomination in 100 bolívares costs only 15 cents. Bill 2 Bolivar costs almost nothing, and the coins are practically out of circulation.
Due to the fact that the cost of high-octane gasoline for several years frozen at the level 0,097 bolivars per liter, gasoline is obtained practically free. Taking into account the parallel exchange rate, you can fill the tank 50 liters for just 1 cent.
On the other hand, the difference between the official and parallel exchange rate is so great that if the prices were calculated at the official rate, the iPhone would cost more than $45 000.
Practice the Venezuelan authorities to resist the depreciation of the national currency has already led to the formation of long queues in state stores – the only institution where you can buy scarce goods at cost.
One of the main components of the economic crisis in Venezuela is the rapid devaluation of the Bolivar. The Venezuelan currency is falling is not the first year, but in 2014, this process was accelerated by a sharp drop in oil prices – the main resource that exports of Venezuela.
