I live in Venezuela and we've had forex controls for 2 decades now. Our currency... | Hacker News

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		cptaj on Oct 22, 2021 \| parent \| context \| favorite \| on: Banks, gangsters and the strange resurgence of cas... I live in Venezuela and we've had forex controls for 2 decades now. Our currency has also depreciated massively over the years to the point of being useless. We've unofficially dollarized a lot of cash operations so I bet a bunch of it is here. Cuba and Argentina have similar forex controls. This is probably the case all over the world.

razius on Oct 22, 2021 [–]

I always wondered, how is the unofficial USD rate set there?

Just day to day or do you have an app or something that the people follow?

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