enrique262:

enrique262:

enrique262:

So, as I’ve talked in the past, the Venezuelan currency, the Bolivar Fuerte – BsF (strong Bolivar, in reference to the father of the country, Simon Bolivar) is effectively useless as cash these days, how useless you ask? Well, let’s see:

On top we have the lovely national currency, 50 100 BsF bills, for a total of 5.000 BsF, 100 50 BsF bills, for a total of another 5.000 BsF, and finally, 100 20 BsF bills for a total of 2.000 BsF, giving us a grand total of 250 bills and 12.000 BsF.

Keep in mind, currently those three bills are the highest valued available on the market these days, and it took me two hours to get them all from a bank.

Now, that’s quite the big number, both in bills and total value it seems, but now let me direct you to the three bills at the bottom: That’s colombian currency, the Peso

These three are also the highest valued ones in Colombia, 10.000, 20.000 and 50.000 pesos, for a grand total of 80.000 pesos (part of my “shit finally hit the fan” emergency fund), and yes, that’s a lot of 0′s, but don’t let that fool you, as that currency is one of the most stable ones in latin America.

Anyway, here’s the kicker: all those venezuelan bills from earlier, those 250 bills? They are effectively worth the same as the two smaller colombian ones, the bigger 50.000 Pesos bill being worth almost twice as all that venezuelan cash.

(fat lazy cat for reference)

“But Enrique”, you say, “this is all fine and dandy, but that does that mean in actual world-class currency?” Well my friend, all those venezuelan bills? the 12.000 BsF that took me two hours to take out of the bank? They’re worth

12 US Dollars 

or 

11 Euros

(rounded up)

And this, my friends, is why Venezuelan currency is worth less that the paper it’s printed on, but hey socialism/communism works, right?

PS: They internet states they’re actually worth more, but that’s because the internet uses the official government currency exchange, AKA the one no one but government officials can use these days.

PS2: Actually, there’s an even bigger colombian bill, the 100.000 pesos one, but I have yet to meet someone that has even seen it, as it was recently introduced and it’s used mostly for big bank transactions. 

I made this post a bit over two months ago, and guess what? Those very same 12.000 BsF. I no longer have are NOW worth fucking

7 dollars.

It works, am I right folks?

Less than 4 fucking dollars now, and still dropping.