Using the government’s main official exchange rate of 6

Illustrating Venezuela

Canada Goose Parka Finding images to accompany economic stories has always been a challenge. There’s a temptation to be repetitive and you sometimes end up illustrating, yet not informing properly. I wanted to do something more significant this time to really capture Venezuela’s economic crisis and the way it is hitting people’s pockets. I’ve been covering and, as a Venezuelan, canada goose outlet in uk living! this subject for a long time but I’m weary canada goose outlet montreal of the typical photo of an old lady canada goose outlet washington dc spending her few resources on food at a supermarket. Canada Goose Parka

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canada goose clearance sale So in fact the most time consuming part of this project was simply sourcing the items. My aim was to demonstrate how Venezuela’s currency controls and runaway inflation the annual rate is more than 63 percent, the highest in the Americas are distorting the economy. Using the government’s main official exchange rate of 6.3 bolivars to the dollar, the minimum monthly wage of 4,251 is a relatively healthy $675, one of the highest in the region the government likes to say. But in reality, at the black market rate of about 100 bolivars to the dollar which many importers and retail outlets use as a guide for pricing, that monthly wage is canada goose outlet parka in fact worth just a paltry $42.5 canada goose outlet florida when it canada goose jacket outlet comes to buying anything other than basic necessities, which are price controlled. canada goose clearance sale

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canada goose clearance Then I disappeared into a studio with the objects and spent hours arranging and re arranging them, sticking and un sticking dollar notes onto the board behind, and then carefully writing and rubbing out the figures in chalk. All, of course, in the right perspective which was often the most time consuming aspect to achieve. canada goose clearance

buy canada goose canada goose outlet store uk jacket It’s pretty hard just to understand Venezuela’s economy right now so you can imagine how tough it is to illustrate it! I hope I’ve been canada goose jacket outlet uk able to shed some light on my surreal homeland. buy canada goose jacket

Canada Goose Jackets This is not 100% accurate, you are using an exchange rate of 6,30 Bs/$ for all the products, but most of the prices of the items listed are calculated with a rate of 100 Bs/$. Canada Goose Jackets

canada goose coats on canada goose outlet online sale For example 1 kg of Pan cost 7,41 Bs (1.18$ or 7 cts$), this occurs with most of the food and medicines, surreal prices that leads to scarcity. canada goose coats on sale

Canada Goose Outlet The government subsidize the economy with a super cheap dollar, but that situation is no longer possible to canada goose parka outlet uk maintain, that situation originated a huge distorsion on prices, inflation and corruption that everybody knows Canada Goose Outlet.