KellysEye
Well-Known Member
Venezuela has always been viewed as one of the cheapest places in the Caribbean - things have changed dramatically.
Inflation has always been high but the ever rising unofficial (black market) exchange rate (dollar/Bolivar) kept things cheap for cruisers. President Chavez recently flooded the country with dollars and this has had a profound effect on the unofficial rate which has dropped from over five thousand Bolivars to the Dollar to around three thousand. With inflation at thirty to forty per cent the prices (including marina berths) in Venezuela have doubled in the last ten months.
To put that into context Curacao is viewed as slightly expensive, Venezuelan prices are now much the same as Curacao - beer and spirits are slightly cheaper in Venezuela, wine is more expensive in Venezuela, food prices are much tha same. However there are severe shortages of some staples in Venezuela such as sugar and liquid milk.
Diesel fuel remains dirt cheap, ten US for two hundred litres plus. Margarita (which has duty free status) now has much the same pricing as the mainland.
It's still a great place to go if you are careful but if you want 'cheap' the only area left is the western Caribbean. Given that the population in Venzuela is now suffering there are rumours of a coup coming up, we shall see...
Inflation has always been high but the ever rising unofficial (black market) exchange rate (dollar/Bolivar) kept things cheap for cruisers. President Chavez recently flooded the country with dollars and this has had a profound effect on the unofficial rate which has dropped from over five thousand Bolivars to the Dollar to around three thousand. With inflation at thirty to forty per cent the prices (including marina berths) in Venezuela have doubled in the last ten months.
To put that into context Curacao is viewed as slightly expensive, Venezuelan prices are now much the same as Curacao - beer and spirits are slightly cheaper in Venezuela, wine is more expensive in Venezuela, food prices are much tha same. However there are severe shortages of some staples in Venezuela such as sugar and liquid milk.
Diesel fuel remains dirt cheap, ten US for two hundred litres plus. Margarita (which has duty free status) now has much the same pricing as the mainland.
It's still a great place to go if you are careful but if you want 'cheap' the only area left is the western Caribbean. Given that the population in Venzuela is now suffering there are rumours of a coup coming up, we shall see...