Hot MR Opportunities! Venezuela Currency Control! (EWR-HKG for $400)
#46
FlyerTalk Evangelist
Join Date: Apr 2003
Location: 10 minutes from the largest mall in the usa
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Posts: 15,642


#47
FlyerTalk Evangelist
Join Date: Apr 2003
Location: 10 minutes from the largest mall in the usa
Programs: aa/ua gold; mar titanium. SPG till I die.
Posts: 15,642
Plus, as I described in my reply to his post, there's no way I'd fit in based on the description provided by flyerman770

I'm sorta interested now after blowing my bed time chatting about this... been looking to go to Asia again this summer


#48
I know what you are saying. But I think you are missing an important detail here. You still need to physically start your trip from CCS every time. Sure, you can try not to leave the airport meaning you could time your arrival flight very close to your departure from Venezuela, I suppose that's possible and is probably very safe - that is provided police won't come and arresst you at the airport on somekind of unknown charges you have never heard of. Call me risk adverse, but I like to plan for all possible contingencies first.
Last edited by rcs85551; Feb 28, 08 at 7:44 am Reason: Removed content that was in violation of Flyertalk TOS

#49
Oh, I trust you on that. If anyone can make this work, it has to be you. I have been giving this idea a hard time, it doesn't mean I don't support this thing. I haven't made up my mind yet, just trying to collect info and asking some hard questions at the same time. If we just stop talking about it because it's difficult or complicate, then a lot of things would never had happened. So I am in favor of talking about this but at this time, I have my doubts.

#50
Original Poster
Join Date: Feb 2006
Location: DTW
Programs: Avis Chairmans, National Executive, Spirit Elite, Virgin Silver, United Premier
Posts: 207
I know what you are saying. But I think you are missing an important detail here. You still need to physically start yout trip from CCS every time. Sure, you can try not to leave the airport meaning you could time your arrival flight very close to your departure from Venezuela, I suppose that's possible and is probably very safe - that is provided police won't come and arress you at the airport on somekind of unknown charges you have never heard of. Call me risk adverse, but I like to plan for all possible contingencies first.
EDIT: I didn't try trips which have no CCS stop whatsoever, I think they work, and that was what my post was about, but I know for a fact that if it has a CCS stop it is obviously going to work. And if you are worried about them worrying just walk out, go thru immigration (you can get a tourist visa on the spot) and fly sometime later.
Last edited by flyerman770; Feb 27, 08 at 11:24 pm Reason: Added Info

#51
FlyerTalk Evangelist
Join Date: Apr 2003
Location: 10 minutes from the largest mall in the usa
Programs: aa/ua gold; mar titanium. SPG till I die.
Posts: 15,642
I know what you are saying. But I think you are missing an important detail here. You still need to physically start yout trip from CCS every time. Sure, you can try not to leave the airport meaning you could time your arrival flight very close to your departure from Venezuela, I suppose that's possible and is probably very safe - that is provided police won't come and arress you at the airport on somekind of unknown charges you have never heard of. Call me risk adverse, but I like to plan for all possible contingencies first.
RTWs are an answer as most can be booked with just a couple day's notice, sometimes w/o major fees for urgent bookings. That being said, if the USD rate for tickets to MIA/ATL/NYC is $300, what's the black market rate? $150? It's not that expensive when looking at it in that way. So, can book a quick return into the US and do a "stopover" at home for weeks or months and off to your final destination.

#52
FlyerTalk Evangelist
Join Date: Apr 2003
Location: 10 minutes from the largest mall in the usa
Programs: aa/ua gold; mar titanium. SPG till I die.
Posts: 15,642
I've been using this instead of Paypal on larger transactions. Pretty darn straightforward and transparent. Check it out more closely (I'm not on their payroll, but I've been impressed with their operation and results so far!).
http://newsblaze.com/story/200706060.../topstory.html
http://newsblaze.com/story/200706060.../topstory.html
I'm still a touched confused as the benefit comes in making the purchase at the black market rate for VEB. If you put USD into an escrow, fine.. you'd pay the same rate (or thereabouts, of course) as you would stateside.
How do you overcome that exchange problem? Travelman770 recommends locals who can pay for the tickets themselves and you/I as a buyer reimburse the purchaser at the VEB rate (plus $$ for their help).
You probably stated it and I missed it... if so, that's fair, just cut/paste the answer


#54
NO! You don't have to start the trip from CCS! It can start anywhere All my trips originated in the USA! I flew from JFK, MIA, DTW, ATL, IAH to CCS! One of my family members flew from SYD to CCS and then continued onto the US!
EDIT: I didn't try trips which have no CCS stop whatsoever, I think they work, and that was what my post was about, but I know for a fact that if it has a CCS stop it is obviously going to work. And if you are worried about them worrying just walk out, go thru immigration (you can get a tourist visa on the spot) and fly sometime later.
EDIT: I didn't try trips which have no CCS stop whatsoever, I think they work, and that was what my post was about, but I know for a fact that if it has a CCS stop it is obviously going to work. And if you are worried about them worrying just walk out, go thru immigration (you can get a tourist visa on the spot) and fly sometime later.
One way or the other, it seems necessary to have CCS on your ticket. Now, there may be one solution to this if as you said, the flight to CCS can be the last segment by applying throw-away ticketing. That means the indvidual will be forfeting their last one or two segments on a ticket, say a RTW, without having to go to Venezuela... That might work, for a RTW, since the forfeiture is probably small enough to be worth it.
I got my RTW # now, I will post what I find in a moment.

#55
Star Alliance RTW
O.K., here is what I have found. Note, I put this together very quickly and is possible there might be inaccuracies or errors so feel free to shout it out if you notice something that looks wrong to you.
Star Alliance RTW in First Class
Total Distance allowed: 39,000 miles
Published Price (ex-USA): $15,400
Source: http://qsi.cc/users/wbt/RTW%20Fares.xls
Observation: Per the existing sales restrictions governing Star Allaince RTW from BlondeBomer , all countries which do not have a published RTW price in the local currency shall use the price ex-USA as its price. In this case, there is no ex-Venezuela fare therefore, by default the price would be that of an ex-USA RTW, which can probably be purchased locally in CCS if the trip starts and ends in CCS. Note, from the U.S. mainland, there is only one *A flight to CCS and that is via YYZ-POS on Air Canada. Neither United or US Airways flies to CCS, which means an outbound from CCS would most definitely have to be on LH now that Varig is no longer a *A member.
Using the info provided by the OP, the above ex-USA fare, if issued in Venezuela, would probably be adjusted as follows:
1) Travel agency takes the price: $15,400 USD and convert it into BF at an official rate of 2.15 = 33,110 BF = the amount you owe the travel agency
2) 33,110 BF is your liability and can be met cheaper than $15,400 USD if you can get a better buck for your $ on the alledged "black market" referenced by the OP. The OP made reference to this black market rate at about 4.8 BF / $. Howevr, it is clear this is a floating rate and can move higher and lower. Let's assume it is equal to 5 BF / $ for the sake of simplicity. 33,110 / 5 = $6,622
3) In principle, you should be able to pay off the travel agency by spending only $6,622 USD by buying BF from the said "black market". If so, you just got yourself a RTW F ticket at a 57% discount.
Is this a good value? You are the judge.
Personally, even with this discount, I will not pursue this opportunity.
Star Alliance RTW in First Class
Total Distance allowed: 39,000 miles
Published Price (ex-USA): $15,400
Source: http://qsi.cc/users/wbt/RTW%20Fares.xls
Observation: Per the existing sales restrictions governing Star Allaince RTW from BlondeBomer , all countries which do not have a published RTW price in the local currency shall use the price ex-USA as its price. In this case, there is no ex-Venezuela fare therefore, by default the price would be that of an ex-USA RTW, which can probably be purchased locally in CCS if the trip starts and ends in CCS. Note, from the U.S. mainland, there is only one *A flight to CCS and that is via YYZ-POS on Air Canada. Neither United or US Airways flies to CCS, which means an outbound from CCS would most definitely have to be on LH now that Varig is no longer a *A member.
Using the info provided by the OP, the above ex-USA fare, if issued in Venezuela, would probably be adjusted as follows:
1) Travel agency takes the price: $15,400 USD and convert it into BF at an official rate of 2.15 = 33,110 BF = the amount you owe the travel agency
2) 33,110 BF is your liability and can be met cheaper than $15,400 USD if you can get a better buck for your $ on the alledged "black market" referenced by the OP. The OP made reference to this black market rate at about 4.8 BF / $. Howevr, it is clear this is a floating rate and can move higher and lower. Let's assume it is equal to 5 BF / $ for the sake of simplicity. 33,110 / 5 = $6,622
3) In principle, you should be able to pay off the travel agency by spending only $6,622 USD by buying BF from the said "black market". If so, you just got yourself a RTW F ticket at a 57% discount.
Is this a good value? You are the judge.
Personally, even with this discount, I will not pursue this opportunity.

#56
Join Date: Oct 2000
Location: Munich, Germany
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Posts: 6,174
The mileage run moderators have come to the conclusion that this thread will remain permanently closed.
Reasons:
- Some content in this thread was a violation of Flyertalk TOS and has been removed by the moderators
- Changing money on the black market in Venezuela might be illegal or at least pose a significant personal risk, especially with higher amounts of money being involved (apart from the usual limitations on carrying money on international travel and the respective requirements to declare such funds); Flyertalk is not the right place to promote such activities
- It might be a very bad idea to be visibly stealing money from a foreign government (which is essentially what the scheme outlined is advocating) while in that government's jurisdiction, especially when that government is not known for nice prison conditions or friendly relations with your own government. In addition, one might find such actions to be unethical.
Kind Regards
rcs85551
Moderator, Mileage Run forum
Reasons:
- Some content in this thread was a violation of Flyertalk TOS and has been removed by the moderators
- Changing money on the black market in Venezuela might be illegal or at least pose a significant personal risk, especially with higher amounts of money being involved (apart from the usual limitations on carrying money on international travel and the respective requirements to declare such funds); Flyertalk is not the right place to promote such activities
- It might be a very bad idea to be visibly stealing money from a foreign government (which is essentially what the scheme outlined is advocating) while in that government's jurisdiction, especially when that government is not known for nice prison conditions or friendly relations with your own government. In addition, one might find such actions to be unethical.
Kind Regards
rcs85551
Moderator, Mileage Run forum
Last edited by rcs85551; Feb 28, 08 at 8:03 am Reason: Added information and reasons for the permanent closure of this thread
