I know you guys like to read info about how Venezuela works, so I will be replying any question you have so
What you would like to know?
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Discussion
What’s the main industries that are operating effectively over there if any? E.g farming, manufacturing?
The main ones are mining and oil, even thought the government is corrupt and they end stealing these funds, (we even have lack of gasoline problems)
Farming does well here, that's one of the main reason why we survived the shortage food crisis, most people were only eating vegetables(which is cheap here) and not processed foods
Cattle raising is doing good here too but not so much as other countries...all these industries, even if they have enough for internal production, very little is deported,
Thanks for this. Very interesting. What’s the main payment method to receive remittances from abroad from friends/family?
Exchange offices abroad can transfer bolivars (Venezuelan fiat) directly to people's bank accounts.
That's good farming helped however because of the way Americans are treating the food shortage we now should take the word crisis out of our vocabulary.
money failed so hard in Venezuela
the government then restarted everything and created new but the same money.
Does people believe this shit and continue to use Venezuela’s government money, if yes then why?
They don't believe in them but they still use it because it is the "legal" money in course BUT we actually more the USD, is common to see the things priced in USD in all of the shops
In some borders you can pay with Colombian peso or with Real (Brazilia)
So you can choose to pay with bolivars or USD or other currencies, some shops do even accept usdt
Also can you freely exchange usd to goods or do you need always use bolivars?
but cant they just prohibit to exchange to
usd or just make an artificial course that not will have an artificial high spread between buy and sell to make holding usd unprofitable
