"Tourism Flows Domestic in Venezuela" Is Now Available at Fast Market Research
Venezuela has a de facto dual exchange rate, which causes strong distortions in the consumption patterns of travellers. On the one hand, there is an official fixed exchange rate that is largely overvalued - in spite of a 100% devaluation in January 2010 - coupled with a system of quotas. On the other hand, there is a black market exchange rate that fluctuates from being twice the official rate to sometimes five-fold its value. Venezuelans are legally banned from mentioning...
View full press release