Thread:Sentry 616/@comment-27144409-20170801011006/@comment-25936766-20170801022635

Arkantos95 wrote: It's 71.09 Bolivar for a large quarter-pounder meal here in the states. Mmmm..........................according to the internet, 1 USD = 9.99bsf, or 10bsf.

If everything had the same price as in the US (only converted), then there wouldn't be much of a problem.

Aside from the fact that our 10bsf is the bare minimum of all bolivars. 2bsf and 5bsf have already been eliminated from production. And soon so will the 10bsfs.

However, there are 3 things to consider: 1) Inflation. Particularly because the government is too incompetent to manage their economy and thus have nothing better to do than print money.

2) People hardly produce shit, they sell and resell everything. They buy it where it first arrives, at it's "fair price", then sell it at multiplied prices to gain something from it. Then the people who buy it at those prices, do the same for the same reasons, and so on.

And 3) 1USD = 10bsf officially, but no one inside the country ever treats it like such. In the Black Market, or better said, in the market, 1USD = Thousands of bsfs. One can exchange Strong Bolivars for Dollars at the official, fair exchange rate, but it's difficult for almost everyone.

Result is that everything is practically dozens of times more expensive than it should be, and then everyone else must sell things just as expensively to make a living afterwards.

For example, 1Kg of basic cow meat is, generally, over 10.000bsf. If 1USD = 10bsf............And 1Lt of Milk was about 3.000bsf. The last eraser I bought was in 400bsf. And so on.