FlyerTalk Forums - View Single Post - Hot MR Opportunities! Venezuela Currency Control! (EWR-HKG for $400)
Old Feb 27, 2008, 9:54 pm
  #21  
civicmon
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Originally Posted by beaubo
If the ticket has to be ex-CCS, then wouldn't the pricing be far less competitive than an ex-USA or ex-European or ASian gateway, so that whatever savings you anticipate, gets chewed up because of the high ex-CCS fare????
Possibly.. Like I stated, I never did this.... BUT if one is concerned that their flights will be cancelled, then buy it ex-CCS, as the origin where the actual ticket stock shows CCS.

That way it will have some legitimacy as being issued as a R/T CCS-EWR/MIA/DFW/ATL-NRT/HKG/SIN vs. EWR-HKG on from a Venezuelan ticketing agency.

I have no idea if ticketing this is a problem as I stated I never done these purchases, but the black market pricing is a very serious reality today in Venezuela.

EDIT: my info is NOT dated: http://www.nationalpost.com/news/wor...html?id=302202

date: Feb 12 2008

CARACAS --I don't like arriving in a new city early in the morning. You and the city are both still groggy, exposed; the pulse-racing anticipation of discovery is deadened by the overnight flight. It's like agreeing to go on a first date at 6 a.m. No, I'd rather make my first landing at night, when the shimmering lights only hint at what is soon to be unveiled.

Be that as it may, Amanda and I found ourselves stumbling through immigration in the Caracas airport as the city was coming to life, greeted by the massive slogan "Construyendo el Socialismo Bolivariano" ("Building Bolivarian Socialism"). The first sign that President Hugo Chavez's paradise is a slightly dysfunctional work in progress is the number of fixers that descend upon you as you emerge from customs, most of them wanting to change money. Venezuela has an official exchange rate, set by the government, in the neighbourhood of 2,000 bolivares to the dollar, a rate that is more aspirational than real. On the street, people are eager to give you between 4,000 and 6,000 bolivares to the dollar. (Following in the footsteps of plenty of other nations that have run their currencies into the ground, on the first day of 2008 Venezuela introduced the "bolivar fuerte," knocking three zeroes off the old currency.)
If you cannot get your USD changed at the black market rate, you have wasted your time and your money. That is the ONLY way that purchasing these tickets at the official rate makes any sense.

Having a friend to personally do this is the best way. Again, if you speak Spanish and can fly down there.... it can also work but I wouldn't try this any other way.

I don't even think I know enough Spanish to make such currency exchanges and ticket purchases, nevermind that CCS is the hemisphere's most dangerous city....
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