One important thing to note is that the _official_ rate that has been devalued, from 250,000 Bolivares/USD to 6 million Bolivares/USD.
The black market rate is already reportedly (as of the past couple of days), 6 million - 9 million Bolivares/USD.
The black market rate is already reportedly (as of the past couple of days), 6 million - 9 million Bolivares/USD.
https://www.npr.org/sections/money/2018/08/03/635521893/epis...