FlyerTalk Forums - View Single Post - Travelling to Venezuela? Don't forget to take USD/EUR cash.
Thread: Travelling to Venezuela? Don't forget to take USD/EUR cash.
View Single Post
Old Aug 5, 2009 | 2:47 pm
  #4  
alacast
 
Join Date: Aug 2009
Posts: 20
Why don't I bring in $10,000 in USD, trade it for 60,000 bolivars, then trade that for $30,000, then leave?

This is an arbitrage opportunity. What I'm asking is, where are the mechanisms to prevent someone from making a ridiculous profit off of the Venezuelan government?

I'm assuming that I can use the official rate when leaving the country through some official, government currency exchange.
Last edited by alacast; Aug 5, 2009 at 2:49 pm Reason: Edited for clarity of logic.
alacast is offline  
Reply