Exchange Rates & Co
The topic of money and exchange rates is a complex issue in Venezuela.
There has been for several years, a change control in Venezuela, in a fixed exchange rate to the U.S. Dollar. In January 2015, a number of different courses have been introduced. For tourists is the exchange rate of 1 to 20 (more or less) for U.S. Dollars.
Of course, there has been established an illegal black market, on which you get up to 100% more for your money. This is to be treated with caution, because often scam artists are on the loose, and offer the best rates, for example, and then, they bring counterfeit money to you
At Posadas or with the tour guide, you get information about safe ways to exchange your money to the Venezuelan currency; a good solution is to be prepare through Internetbanking. Many tour operators and accommodation accept bank transfers to European accounts, calculated on a very good exchange rate. With a credit card you can pay in bigger shops, hotels and restaurants, but there is of course always the official rate as a basis. We are happy to advice you before traveling, and make good and safe suggestions on how to get money to go.