Category: Venezuela

People surfing on the waves near Choroni 6

Caracas / Choroni / Chichiriviche – Venezuela

There are several reasons why there aren’t that many people traveling to Venezuela for their holidays. The most important reason for me is that the currency exchange is quite messed up. There exists something like a black market for currency exchange because the offical rate is quite unfavorable for the visitors. The official rate (for euros) is around 5, meaning 1 euro will get you 50 bolivars (currency in Venezuela). But the rate on the black market can get upto 10! Meaning that you “lose” half your money if you use the official rate. There’s a reason it’s called the...