exchange tagged posts

Money Exchange


Money exchange is one of the curiosities in Venezuela. The official rate for one dollar is 4 bolivars. However, in the black market you can get up to 9 Bolivars for 1 dollar. The reason for this huge exchange rate difference is the currency exchange controls adopted by Hugo Chavez government. In general, people have a limit of US$500 per year to exchange to foreign money. These controls generated the growth of a parallel market to sell and by foreign currency. Concluding, in Venezuela, a traveler has to take cash and not spend money on credit card, otherwise, s/he will spend a lot more.

Travel Tip: Bring cash.

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Venezuela: the arrival


The arrival in Venezuela was “errant”. I got at the airport in Caracas having no idea where I was going to stay. I just knew I had a reservation for an air ticket to Los Roques for next day, 3pm. But event that flight, I hadn’t received the confirmation ticket.

As almost everywhere in South America, arriving in a city we are harassed by a great number of men trying to sell transport and money exchange. Passing through them it is an accomplishment.

The first thing I did was to check my flight with Chapi Air. I had to get my luggage and walk to the domestic terminal. Getting there I found out my they were closed until next day 2 hours prior boarding time.

My second action was to decided where to sleep. So, I went to tourist information desk and tried to get a room. The one they recommended me was full, so I got a taxi driver recommended by them and he took me to a hotel. My only request was to have wifi and, of course, not to be so expensive. He took me to a place in Playa Grande...

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