Archive for June 9th, 2010

How many cars can you build on 300,000 dollars a month?

June 9, 2010

Little to say, the band system is from Bs. 4.2 to Bs. 5.4 per dollar. Banks reportedly will sell 40 milln $ a day. Limits will be $5,000 per year per person, $300,000 per month for each company.

You can bet all orders will be done at Bs. 5.4…and most Venezuelans will ask fir the 5k yearly at these prices. You don’t even have to travel to get it! This seems unsustainable.

The bigger question is how many cars can you build with 300,000 dollars a month?

Or paper bags?

Or elevators?

Or cell phones?