Your money you transfer to Venezuela will get you to the Coney Island of South America
- rashi verma
- Jul 16, 2021
- 3 min read
The Bolivar government has implemented various economic sanctions on its citizens as a way to stop the flow of remittances going to Venezuela. While the measures have an impact on the majority of aspects of the Venezuelan economy, the effect on remittances sent to Venezuela is unparalleled. According to estimates, around twenty percent of Venezuelans send money to relatives in countries around the world to assist them in difficult economic times. Some families have started sending money to their friends in countries that are neighboring through remittance agencies as the relations between Washington and Caracas are becoming more hostile.
Recently the Venezuelan government announced that it will impose severe economic sanctions on those who send money abroad. This is what many refer to as an "Covinderella" scenario. However, the number of Venezuelan families sending money to relatives from Venezuela is on the rise. The Venezuelan government is trying to stop this trend by preventing "Colombian overlays" that are helping attract more tourists to Caracas. Already, authorities in Venezuela are focusing on remittances made by family and friends from Colombia to Venezuela. With the worsening Venezuela-Colombia relations the increase in tourists may not only be reduced due to the tightening of border as well as by Venezuela's inability to fight human and drug trafficking.
Bolivarians and Cholavistas (boatmen) are looking to Peru and Mexico to send money from Venezuela, in spite of the fact that oil prices have increased dramatically , and the most devastating effects are will be felt in Colombia enviar dinero a venezuela. This is a natural trend. With the decline in tourism in Colombia and decreasing in Mexico as well, there is no profit to be made from the ticket sales to destinations such as Venezuela. Meanwhile, oil prices in both countries have remained competitive, meaning that more buyers are looking to more reliable sources for their remittances.
Similar to this, smaller Caribbean islands have also started soliciting shipments of less expensive fuel and other items that can be used to fight the devastating Caribbean flu epidemic currently spread throughout Central America. While many of these tiny Caribbean countries receive little, if any, attention from the world-wide remittances network, they are starting to receive a flurry of visitors in the form tourists seeking an accommodation option after their trip to Venezuela. Many people go to Venezuela to buy medicines and other essentials. This is further fueling the growth of the black oil market in Venezuela. If this crisis persists, it will make worse the shortage of global currency and lead to more inflation.
However, for the moment the primary concern of the majority of Venezuelan consumers is sticking to their most valuable resource, the Bolivar. With the worsening situation in neighboring Colombia and the warnings issued by the United Nations and World Health Organization about the dangers of contaminated drugs and other impurities in the water supply of the local area Bolivars remain the most reliable form of foreign currency that can be transferred to a person in need como enviar dinero a venezuela desde chile. Due to Venezuela's constant economic and political turmoil many Venezuelans are not able to get access to financial institutions, banks and other banking establishments and are therefore afraid to use cash from their local bank almost all the time. For those who need urgent funds, remittances to Venezuela are the sole option.
There are no clear indications of an increase in the number of requests for money to be sent abroad. However any business owner who's been around for long enough knows that companies suffer when tourism is affected. It's an established fact of business. It's an everyday fact. For instance, the most well-known car rental companies operating in Venezuela (operating through Mercedes Benz South America's largest automobile manufacturer) were able to remain afloat due to high demand from foreigners. They now face a lot of competition from foreign car rental agencies such as Hertz, Avis and Europcar. This is due to the increasing demand from business people and tourists. This means that, even if you conduct some research on your own to determine the best option for you there is a good chance that you will not be able to locate a local business that will accept your remittances to Venezuela.
Commentaires