Queuing for 4 hours and not being able to withdraw a dollar in Venezuela 3
Stefano Pozzebon moved here 1.5 years ago to cover the economic crisis here, as a freelance reporter.
As Venezuela plunged into crisis, prices began to skyrocket and the bolivar became almost worthless.
As I write this article, one US dollar is worth 191,000 bolivars, according to the black market exchange rate that everyone uses.
People line up to withdraw money in Venezuela.
Venezuelan banking officials notify banks every month about how much customers can withdraw each time.
I tried withdrawing enough bolivars to exchange for one dollar.
Inside, five ATMs were abandoned – a sign that they were out of money.
So I decided to go somewhere else.
Here, ATMs are also out of money.
Vasquez also had a stable job and a comfortable retired life.
Many critics believe that these programs are political weapons that Venezuelan President Nicolas Maduro uses to win people’s votes.
“Here, they only let you withdraw 5,000 per day.
However, after visiting two more banks, I decided to give up and go home to get my checkbook.
At 1:23 p.m., I finally held out the check and took out 10,000 bolivars, or 6 cents.
With 10,000 bolivars obtained after 4 hours, I met a friend at a coffee shop.
