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RE: A cheaper dollar, a respite for Latin American economies?

in Project HOPE3 years ago

Hello @josevas217, I can provide an example; 3 years ago with $10 I could buy enough food for 15 days, now with the same $10 I can barely buy food for 3 days, how can this be explained? If at least 3 years ago in Venezuela there was no open marketing of national and imported products and it was not easy to sustain the local economy with the course of 2 currencies (the Bolívar and the USD). I dare to conclude that in Latin America the common factor is speculation and, as you said, some bureaucracy.