Venezuelan Prostitutes Are Making A Killing By Doubling As Currency Traders
This discussion thread was locked as off-topic by DonViejo (a host of the Latest Breaking News forum).
Source: Reuters
It is illegal to trade dollars in the streets of Venezuela, so those that have them are able to make a killing in the underground market, where dollars are worth 11 times the official rate.
-----------------
Prostitutes get their greenbacks from sailors carrying them into the country.
A typical stint with a dollar-paying foreigner would earn a prostitute about 6,800 bolivars in fees and currency exchange arbitrage in the black market. The same service paid in bolivars... would earn them 3,000 bolivars.
“We can make more in two hours here than working in a shop in a month,” said a prostitute who calls herself Giselle, as she sipped a 12-year-old whiskey in Club 440 striptease joint.
Read more: http://finance.yahoo.com/news/venezuelan-prostitutes-making-killing-doubling-155947318.html
= new reply since forum marked as read
