Which country is the most expensive in the world?

If you come to mind
Japan, Switzerland, Iceland or Norway
- the most expensive country, it does not
So. According to the blog author sovereignman.com
Simona Bleka, the most expensive country in
world - is Venezuela. At least,
In this he found when he was in the
the country recently.

For example, for a trip
in a taxi recently Simon paid $ 158. most
strange that just a week earlier
he paid a lot less money for
rent helicopters in Colombia. And indeed,
if you think about it, this resource-rich
a country like Venezuela, should be the
thriving in Latin America, however,
this does not happen. Main reasons
- is corruption and incompetence
local authorities. See for yourself, usually
large companies, when they begin to build
business in some new place, spend
part of the funds to improve the infrastructure,
research and do it with the expectation that
these expenses are invested in the future development of
and convenience.

But in Venezuela Guide
why the country prefers to spend
oil revenues to the various social
program, which essentially allow
them to avoid social unrest and
retain power in their hands. Exactly
so the country had virtually no
developed infrastructure, and no
investment in the future it is not happening.
Money is spent on maintenance
tranquility. here
why all the oil in Venezuela
infrastructure rots, production is stagnating,
and here and oil prices fell for the year
almost twice. But the country almost
all incomes received only
oil exports, and therefore can no longer
balance their budgets (deficit-free
Venezuela budget is only possible if
oil price of $ 100-120 per barrel).

Print new money
the country can not, not because Bolivar
It is the reserve currency, and the whole
inflation remains within the country. By
some estimates, the growth of consumer
prices in Venezuela is the highest in the world -
it is about 800%. Attempt
control prices failed, it
It led only to more stringent deficit
goods. The authorities had to impose control over the
capital, setting the so-called
the official exchange rate. Here it is what makes
Venezuela so expensive. official exchange rate
It is 6.3 bolivars for $ 1, but on the black
dollar market is worth 60 times more expensive. By
According to the author, he changed money
a local resident, and for $ 50 got 20 thousand.
bolivars, ie it is 400 bolivars for
dollar.

Let's go back to the trip
by taxi - it really is worth 1
thousand. bolivars. If we assume that the rate
black market, it is mere pennies -
only $ 2.5, but if you counted on
the official exchange rate, then it is $ 158. here
here lies the secret of the mysterious:
depending on whether, at what rate
consider Venezuela becomes a
the most expensive country in the world, or one
of the cheapest.

Euro Rises on Wednesday most currencies

Euro Rises on Wednesday most currencies , and the pound strengthened By 11.50 MSK and euro lb show a rise to most of the major currencies. EURUSD rose to...

Gold futures on five year low

Gold futures on the five-year low in light of the strengthening of the dollar Today to 14.15 MSK gold futures fell another 0.34% and cost $ 1079.70 per...

Official failure QE Sweden has

Official failure QE: Sweden has not coped with the main task Probably have all the experts and analysts rattled the world on how to dangerous program of...