What is the currency used in Venezuela?

How much is a Coke in Venezuela?

Cost of living in Venezuela is, on average, 36.11% lower than in United States.

Cost of Living in Venezuela.

Restaurants Edit
Coke/Pepsi (12 oz small bottle) 1.27$
Water (12 oz small bottle) 0.85$
Markets Edit
Milk (regular), (1 gallon) 6.14$

How much is a cup of coffee in Venezuela?

A cup of coffee in Venezuela’s capital Caracas now costs one million bolivars, equivalent to almost one-fifth of the monthly minimum wage. Owing to the country’s hyperinflation, one million Venezuelan bolivars, when converted into US dollars, comes to 29 cents (₹20).

How much is 200 bolivars?

The exchange rate VEF was last updated on 2021-01-04. The cost of 200 Venezuelan Bolivares in United States Dollars today is $0.0008 according to the “Open Exchange Rates”, compared to yesterday, the exchange rate remained unchanged.

How much is Venezuela in Nigeria?

Quick Conversions from Venezuelan Bolívar to Nigerian Naira : 1 VES = 0.00010 NGN

VES NGN
Bs.S 500 ₦ 0.05
Bs.S 1,000 ₦ 0.10
Bs.S 5,000 ₦ 0.50
Bs.S 10,000 ₦ 1.00

How much is a Big Mac in Venezuela?

According to this calculation, a Big Mac in Venezuela costs US $ 8.35, while in the United States it costs about US $ 5.65. This McDonald’s hamburger is sold in different parts of the world for prices that range between US $ 1.68 and the US $ 8.35 they charge in Venezuela.

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Is Venezuela a poor country?

The 2019–2020 National Survey of Living Conditions (ENCOVI, for Encuesta Nacional de Condiciones de Vida) — published by researchers at Andrés Bello Catholic University in Caracas — shows that poverty levels in Venezuela spiked during 2019, officially rendering it the poorest country in Latin America and the Caribbean.

Why is Venezuela so poor?

Supporters of Chávez and Maduro have said that the problems result from an “economic war” on Venezuela and “falling oil prices, international sanctions, and the country’s business elite”, while critics of the government say the cause is “years of economic mismanagement, and corruption.” Most observes cite anti- …