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I'm not sure that's how the black market works. I don't think I can exchange dollars for bolivars. That sounds like a losing proposition for the black market.

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I'm pretty sure that's how the black market works. Why do you think otherwise?

If you were on the black market, you'd LOVE to exchange bolivars for dollars.

The inflation rate is over 700% I think this year, and it's only going up. Why wouldn't you want something that's almost guaranteed to be valuable, instead of holding on to a rapidly depreciating asset?

He said, he won't want to exchange dollars for bolivars. He is right, what are you going to do with with the bolivar? By the time you get to spend it, it's lost it's value by tons. Unless you are buying land, or paying people and doing business. But even then you run the risk of having your land, business seized. Anyone with dollar will hoard it as much as possible. It's your golden ticket out of the country.

Did you not read my comments?

I said that exchanging dollars for bolivars was easy. Exchanging bolivars for dollars, that's different.

You realize you just said that you said the exact reversal of my statement.

People who lives in Venezuela saves in US$ and exchange dollars for bolivars when they need liquidity in local currency.

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