Is the Venezuelan bolivar a good investment?

Is Venezuelan money worth anything?

The bolívar is currently the weakest circulating currency, with 1 United States dollar converting to approximately 4.15 million bolívars as of August 30, 2021.

Venezuelan bolívar.

Venezuelan bolívar soberano
Value Official rate US$1 = Bs.S 1,889,000 (Mar 7, 2021) Parallel rate US$1 = Bs.S 3,209,044 (July 1, 2021)

How much is $1 in Venezuelan bolivares?

Convert US Dollar to Venezuelan Bolívar

USD VEF
1 USD 400,351,000,000 VEF
5 USD 2,001,750,000,000 VEF
10 USD 4,003,510,000,000 VEF
25 USD 10,008,800,000,000 VEF

Why did Venezuela fail?

Political corruption, chronic shortages of food and medicine, closure of businesses, unemployment, deterioration of productivity, authoritarianism, human rights violations, gross economic mismanagement and high dependence on oil have also contributed to the worsening crisis.

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 100 bolivares worth?

VEF to USD Exchange Rates

Venezuelan Bolívar US Dollar
10 VEF 4.02885E-5 USD
20 VEF 8.0577E-5 USD
50 VEF 0.0002014425 USD
100 VEF 0.000402885 USD

How much is a house worth in Venezuela?

Property Prices in Venezuela

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Rent Per Month Edit
Apartment (3 bedrooms) in City Centre 494.67$
Apartment (3 bedrooms) Outside of Centre 436.60$
Buy Apartment Price Edit
Price per Square Feet to Buy Apartment in City Centre 73.69$

How many dollars is 5000 bolivares?

Convert Venezuelan Bolívar to US Dollar

VEF USD
1,000 VEF 0.00000000247344 USD
5,000 VEF 0.0000000123672 USD
10,000 VEF 0.0000000247344 USD
50,000 VEF 0.000000123672 USD

How much is 100 Cien bolivares worth in US dollars?

100 VEF to USD

The cost of 100 Venezuelan Bolivares in United States Dollars today is $0.0004 according to the “Open Exchange Rates”, compared to yesterday, the exchange rate remained unchanged.