July 25, 2024

Cigarette Vendors Are Currency Traders in Disguise in Caracas

Retrieved

The cigarette vendors jog up and down the sidewalks and weave in and out of traffic, yelling out their wares. They sell a lot of brands you’ve never heard of on El Comercio, which has for years been cheap-tobacco heaven. But these days, not every patron is here for the smokes. The serious side-business on El Comercio is changing money—U.S. dollars for bolivars, the country’s ridiculously hyper-inflated currency. By Alex Vasquez. Full Text -> Bloomberg

Translation/ Traducción