Article here.
For charging the real prices in a country ravaged by inflation instead of prices at the "official" exchange rate. This cycle of destruction has many precedents in centrally-planned economies.
If you have a profit margin limited by law to 15 percent and inflation is 54 percent, your maximum inventory hold time before you start to lose money is about three months. If you're selling grapes, this might work. High-end hardware, autos, and electronics, not so much.
Note that the $35 toaster selling for $175 at the official exchange rate is selling for $17.50 at the actual exchange rate.
Concepts like this are incomprhensible to dictators like Maduro. And many political leaders in our own country.
Current Events » in reply to Meanwhile in Venezuela...
100 businessmen arrested and jailed in Venezuela.
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- Meanwhile in Venezuela...
