Look at all these billes
Venezuelan Billes, my friends
They're honestly worth so little
That I can do...
THIS!
Hey my Friends! welcome back to a New Video!!
I remember you that Right now I am in Venezuela
And we are going to talk about Venezuelan Money
I want you to know that all these bills
ALL THESE BILLS
Gess What?
Worth less Than 1$
In fact, everything I have here
its 36.000 Bolivares
If we calculate how much Dolar money is....
5 cents of Dollar Exactly
I actually tell you I'm already 7 months here.
And all that time
I still Dont understand it
It's actually a complicated subject, which I'm going to explain
So pay close attention to me.
ok, first I want to show you how the Venezuelan bill is like
this is our currency, which is called bolivar
bolivar Soberano, Exactly
as you can see, it's called bolivar because of this face you see here
it's the face of our liberator
this is a 500 bolivares bill
which is a well-made ticket with all its security measures
even if we turn it against light
you can see this face
It also has its security tape, as well as any other bill in the world
maybe you'll think I have a lot of bills
because it's the lowest denomination
BUT, NO!!
I have to tell you we have more billes
which I don't currently have
later, ill tell you why...
we have fifty thousand bills
twenty thousand
Ten thousand
two hundred, i have one
one hundred
fifty
Twenty
five
two bolivares
since you know the currency of my country
I'm going to proceed to explain
how it works
and obviously I'm going to explain why they're hard to have
I remind you that I'm not an economist
but I'll give you an explanation so everyone understands
as many know, the hyper-inflation we have, is not easy at all
it's so much, that prices multiply every day
They Multiply for x2 x3 x4 sometimes 10x
For example
today a shoe is worth five hundred thousand and tomorrow in a million
imagine carrying a million in your pocket
It's impossible
now imagine that everyone needs to charge a lot of money with them
ATMs would run out of money
if we go to an ATM right now
we'll find spider web
because they're closed
there's no money, no cash
maybe you think the money can be withdrawn at the bank
But that's not true
because banks aren't allowing so much money to be withdrawn
currently only two hundred thousand are allowed to withdraw
if we calculate that in dollars
would be less than a dollar
you'll wonder, how do we pay for things?
I have to tell you that we're dollarized here.
it's easier to see someone with dollars than with bolivars
maybe you wondered how we do to get dollars
I don't really know that!
but here you get remittances
and maybe that it's one way
for me not to speculate
if you're going to buy something, it's all in dollar price
for example if you're going to buy meat
they'll tell you it's at 3 or 4 bucks
they can tell you to pay in bolivars or dollars
but, at the official currency exchange price of the day
you can pay for it in dollars or bolivars
but in transfer
because here people usually have the money in the banks
its like electronic cash
and we have to keep an eye out for a few pages
who are not official
but they're in charge of saying the price of the dollar
then you'll ask
so those bills aren't used?
actually yes, but very little
thet are used to pay for public transportation
since public transport is "economic"
but if I'm honest with you, I don't know what else?
in fact the value of this bill is so insignificant
that if you break it into little pieces
and put all the pieces together in a bag
you can sell it as confetis
and there you would multiply the value of the bill for x10
these bills are so uncommon
and I already have 7 months here
but I've never used them
because it's easier to have dollars cash than bolivars cash
because, imagine the number of bolivars bills i need to pay for a pro
would be mountains of money
now I won't tell you about prices
rather I'll show you a picture
how it would be to buy with bolivars, currently
look at how much they would need to buy tomatoes
to buy meat
to buy toilet paper
to buy a soap
and you'd need mountains of money to buy anything
something curious I want to tell you
that before I left Venezuela, 5 years ago
these bill were in circulation at the time
they are called strong bolivars
and after a currency conversion, three zeroes were taken from them
that means, before this ticket was worth one hundred thousand
then, me being out of the country
I knew they created a new bill
and it worth a hundred thousand bolivars
and maybe you would think "it's the same bill"
but it's not really
if you realize they're the same design
but, what changes is the color
for example this is one of a hundred bolivars, quite brown
and this one hundred thousand is more discolored
but these are no longer in circulation
but the inflation was so high
government only prints more bills
and to avoid making a new design
what they did was discolor the bill
and placed the term a "thousand"
one thousand
and the original only says a hundred
and they also did the same with the other bills
for example this was 50 and they change it for this
in 2018 they made another monetary conversion
where they took five more zeros
which indicates that this 500-bolivar bill
would actually be worth it  fifty billion bolivars
can you believe it?
and the worst part is that you can't buy anything with that
hope you've been able to understand a little bit about Venezuelan money
if I'm honest with you, I got pretty confused too
if you have any doubt back up the video
because I'm not going to explain you again
subscribe if it's the first time my video has been
or watch this other video
it cost me a lot to translate this to you :D thanks for wachting!
 
