I am back! A tale of exchange controls.

January 28, 2004

 


Well, I can finally post again as my PC was fixed. I thought the problem would be fixed faster but once you are trapped in a controlled economy, it is not easy to get out. See, I was able to get a subsidized power supply courtesy of the exchange controls for the sum of US$ 20. Thus a $30 item in the US, after shipping and Venezuelan custom duties (which are low for these items), plus 16% VAT cost me all of $20, as I finally managed to find someone who had actually gotten foreign currency at the official rate of Bs. 1600 per US$ to import power supplies. The problem, as explained by a competitor of my savior was simple, nobody wants to import low margin items like these powers supplies at the official rate, so they are very scarce. At the same time, nobody wants to import them at the parallel black market rate either, because then you might not sell them. Thus, until I found by miraculous savior I thought I would have to import a commodity Pentium IV motherboard power supply for the clone in which my blog resides on my own. Thus, I am back and thanks to all that have sent e-mails asking me to hurry up. As someone said, you are all such masochists, but I love nice masochists anyway.

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