In Venezuela for many years it was believed that exchange control, this for the political classes in power was an instrument to use the resources obtained by oil, in addition to enriching themselves in really absurd ways, also creating bureaucracy a very clear symptom of the proliferation of corruption, although these exchange controls were made many years ago, the following politicians never wanted to fix this problem, since they benefited from this.
Basically, the Venezuelan state, by means of laws and decrees, makes regulations and even prohibitions so that citizens can acquire any type of currency, so that any citizen can obtain dollars or euros.
As an affection for this, those who, for example, studied abroad even by means of scholarships, so that they could pay for university and expenses, was an increasingly complicated process, delaying the payment of their semesters in the careers, it was as well as thousands of students had more difficulties to finish undergraduate careers, postgraduate, specializations, masters and doctorate, a hard blow for what could be talent to develop their skills in Venezuela, many could not finish their careers, others could not even study abroad.
Saime Mafias, More Dollars, Less Passports
As time goes by, the fall in oil prices, remember that luckily in the government of HugosChavez oil prices were really high, enough to invest in the left of other countries and thus consolidate their integration project that never worked, were billions that were stolen during this period, money that could be invested in other industries to not be so dependent on oil and its prices, but for a long time was maintained that mirage that everything is perfect.
he absurd corruption at levels never seen before, at the command of mature nicolas, makes Venezuela an outlaw state.
There was never any real control over the economy, even having ministers of economy who said that inflation did not exist, something totally absurd for anyone who has basic principles of how the economy works, but that's how they saw the people, year after year the crisis was getting worse, for politicians to be able to keep the power, and this is the explanation of why to mature their military do not give a coup d'état.
Due to the fact that the word "chavez" had handling over the masses, and absolute loyalty in its political cadres, which were basically military in their majority, performing roles in different areas, basically everything, following the line of "fidel castro", which had a project of political expansion as it learned from the Soviet Union, the resources obtained by oil were to finance even terrorist groups such as hezbollah, hamas, farc, eta.
Due to the fact that the mature government decides that everyone should do whatever the high command wants, of the different military components that have control of absolutely everything, they create companies, import food, companies that buy food from them, food of the worst quality, at prices even more expensive than in Europe or the United States, and so they import not only food but everything that has to do with the functioning of the country.
As the dollars are going down, they have sold the gold reserves that give value to the local currency, that is to say the Bolivar, they have made several changes in the name of the currency and reduced the 0000, so that the inflation of 6 digits was not noticed, those maneuvers have not done it over time.
Because they create difficulties for the almost non-existent private company in Venezuela, all to feed the corrupt system that they have perfected, many companies must resort to the black market, and it is here when different platforms arise that indicate the price of the bolivar against the local currency, because the nation does not have credibility to the value that they mature government says is worth the bolivar, the entire economy is managed by the price that is indicated on the black market in different pages.
Venezuela tops the list with the lowest minimum wage in the continent
In this way they calculate the value of absolutely everything including the salary of an employee, be it engineer, doctor, lawyer, the salary is almost 6 usd a month, and the food is the same or more expensive than in almost any country, in this way they have impoverished an entire nation, creating legions of almost slaves.
In this way with whatever incentive they give, especially during election campaigns "which are not at all transparent," they can win and say that they have the best electoral system in the world, with whatever crumbs they give the people to gain control over the population, those who decide to change the situation must mostly migrate, or acquire skills and abilities they can monetize, others simply take advantage of the situation of others, being food resellers, or exercising any illegal act, that's what the mature government has pushed.
The deficit on the quality of basic services such as drinking water, there are regions of Venezuela that have even more than 3 years without receiving water through pipes, usually the politician who governs that municipality has a business, being the owner of tanker trucks.
Electricity, rationing so that in the state where all the concentrated powers are found, that is to say the capital of Venezuela, Caracas, does not suffer from shortage of electricity, 23 states must suffer cuts of 16 or more hours of rationing, in some states, hopefully they only have 6 hours of rationing, this produces more difficulties in the daily life of people, businesses that must close for not being able to refrigerate their products, or even worse, vandalism usually handled by "collectives" looting businesses.
The scarcity of food and medicine, makes the quality of life even worse, malnutrition is almost a common scenario, and dying from diseases that could be treatable.