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bucheon bum
Joined: 16 Jan 2003
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 Posted: Thu Mar 27, 2008 5:25 pm Post subject: At least one country out there still wants US dollars |
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Island�s Treasure, the Dollar, Lures Venezuelans
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In a quest to get their hands on American dollars, Venezuelans are flocking to this island in the Netherlands Antilles to take part in this elaborate back-room scheme and others like it to get around currency controls imposed by the government of President Hugo Ch�vez.
�These Venezuelans come here to get their dollars, and we�re happy to help them out,� said Ronald Veenstra, 36, owner of the Supreme and Real, a bar opposite the San Marco Hotel, while mixing a mojito. �I�ve never poured more drinks for any one group in my entire life.�
For Venezuelans, the Cura�ao option for obtaining dollars emerged last year when the value of Venezuela�s currency, the bol�var, fell sharply against the dollar as fears intensified over Mr. Ch�vez�s economic policies, including the nationalization of oil and telephone companies. |
You know your country's economy is in rough shape when it is one of the few on this planet that has a worse exchange rate with the USD than it did a year ago. |
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mindmetoo
Joined: 02 Feb 2004
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| Posted: Thu Mar 27, 2008 5:42 pm Post subject: |
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| US dollars can be exchanged for food and goods, stuff that's not on the shelves of their stores currently. Chavez seems to think price controls on basics, while he's filling everyone's pockets with petrodollars is a sensible thing to do. Hrm. Now what should I do? Farm my land or open a Porche dealership on that land? Which one will make me more money? I know! |
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Justin Hale
Joined: 24 Nov 2007
Location: the Straight Talk Express
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| Posted: Thu Mar 27, 2008 6:55 pm Post subject: Re: At least one country out there still wants US dollars |
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| bucheon bum wrote: |
You know your country's economy is in rough shape when it is one of the few on this planet that has a worse exchange rate with the USD than it did a year ago. |
Are you listening to this, South Korea? |
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ernie
Joined: 05 Aug 2006
Location: asdfghjk
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| Posted: Thu Mar 27, 2008 7:30 pm Post subject: |
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| i'm guessing 'no' |
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