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What can 9000$ USD buy in Venezuela right now???

2 posts
What can 9000$ USD buy in Venezuela right now???

Hello I have cash and I wanted to go to venezuela with 9000$, I know the exchange rate is ridiculous on the black market. What can I buy with 9000$? it is very confusing.

I looked at this website but now the exchange rates are around $450+ bolivars for 1 USD.

If anyone can shine light on this weird currency situation that would be great! thank you very much.

149 replies to this topic
Margarita Island
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for Margarita Island
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1. Re: What can 9000$ USD buy in Venezuela right now???

First of all the rate is not 450+ for selling dollars.

That is the rate for bank transfers in Bs. to buy Pesos & then convert them into US$ and includes all the bank charges.

A far more accurate rate is the cash rate which as of yesterday was around 410 in Colombia.

You'll normally find that the street rate is a little lower than that.

As to what you can do with $9,000 - wow.

That's over Bs.3.5 million

You could rent an apartment & live here for a long time.

Buy a used car (there are no new ones)

Put it in a bank and get Bs.42.000 interest monthly (Minimum wage is a little over Bs.7.200 a month as of July 1.)

Unfortunately with close to 175% inflation per year your money would be worthless very quickly.

In other words you would have a lot of options.

B.C.
Level Contributor
128 posts
2. Re: What can 9000$ USD buy in Venezuela right now???

You could buy about 35,000,000 liters of gasoline.

Margarita Island
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for Margarita Island
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4 reviews
3. Re: What can 9000$ USD buy in Venezuela right now???

Or 185,000 bottles of beer

Cabimas, Venezuela
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1 post
10 reviews
4. Re: What can 9000$ USD buy in Venezuela right now???

Yesterday the black market rate was around 460 Bs/$, that means that you could get around 4.000.000 Bs an enourmous amount of money if you only want to travel around the country. An used car (Chevrolet aveo 2010, Renault Clio or Ford Fiesta) cost around 1.6-2.5 MBs. Even a little house can be bought with that money (Not Caracas of course, but in another locations in the country). The problem is that you need to find a dependable person to make the transaction, it would be in cash, a lot lot of bills. If you want to sell your dollars in the official rate in exchange offices, the rate is 199 Bs/$ the advantage is a safer transaction without intermediary.

2 posts
5. Re: What can 9000$ USD buy in Venezuela right now???

so how much would say .... a hotel, food at a nice restaurant, taxi, bar, strip club, cost for a day? haha

Barranquilla...
3 posts
2 reviews
6. Re: What can 9000$ USD buy in Venezuela right now???

on https://dolartoday.com the rate is 705. Is that realistic?

Margarita Island
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for Margarita Island
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2,375 posts
4 reviews
7. Re: What can 9000$ USD buy in Venezuela right now???

No, that's a transfer rate from Bolivars to US$ and includes bank rates, exchange house commisions & exchange rates from Bolivars to Colombian Pesos & then to US$.

The cash rate is currently under Bs.600 in Cucuta and realistically you'll receive between Bs.540 to Bs.600 in the street once the local dealer takes his commision.

Remember as well that the largest denomination bill is only Bs.100 which is US$0.18.

You'll need at least 550 bills of Bs.100 for each US$100.

Quite a pile :-)

1 post
8. Re: What can 9000$ USD buy in Venezuela right now???

Hi,

You can buy a car for 3.000 USD, and lot of friends.

With that sum of money, we can arrange a trip to Salto Angel Falls, and Canaima.

You can live with 9.000USD for 9 Months.

Margarita Island
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for Margarita Island
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2,375 posts
4 reviews
9. Re: What can 9000$ USD buy in Venezuela right now???

You can buy an older USED car for US$3,000 but it will probably have problems.

The same money spent in Florida will buy you a much better car.

We live quite comfortably in Margarita Island for under US$300 per month.

We have no housing costs (own our own place - overheads are minimal) & have a 10 yr old car.

Vancouver, Canada
Level Contributor
1 post
16 reviews
10. Re: What can 9000$ USD buy in Venezuela right now???

Hello PLAYAELAGUA you seem very knowledgeable :) Could you email me at itsjeeplady@hotmail.com ASAP as I'm planning a trip to Margarita island very soon!

Edited: 26 October 2015, 03:31
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