Chavistas "confiscate" 100,000,000 Bolivars cash... equal to $444.
Zulia: Bs 100 million in cash were confiscated in Mercado Las Pulgas de Maracaibo
By: Venezuelan News Agency | Thursday, 02/01/2018 07:51 AM
Maracaibo, February 1 - The morning of this Thursday was deployed an operation in the Market Las Pulgas de Maracaibo, located in the center of the Zulia capital and which is the center of operations of the bachaqueo mafias, cash sale and the smuggling of food and basic necessities.
The deployment was led by Maj. Gen. Elías Moreno Martínez, commander of the Western Integral Defense Region (Redi) and Lisandro Cabello, secretary of the Government of Zulia, with the participation of 600 members of the Bolivarian National Armed Forces and police forces. the Zulian entity.
The operation began with checkpoints for the review of 400 vehicles that left the popular market, in which irregularities related to the practice of bachaqueo were detected, said Cabello.
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https://www.aporrea.org/regionales/n320447.html
NB: Aporrea is a Chavista website.
While this may seem like an extraordinary amount of money, it isn't. It is just a large amount of cash, which is rare. Since Chavismo is a poor financial steward of state resources due to mismanagement and hyperinflation, cash is getting very rare, and it takes nearly a suitcase of it to purchase a cup of coffee. The 100 Bolivar note is worth... not much. You would need 2,250 100 BsF notes to buy $1 worth of lunch. ($3 is more than the monthly minimum wage). Better bring the wheelbarrow.
So, despite what the Chavista press has to say about this "crackdown", it was just another heavy handed raid where more cash was confiscated by the authorities and put into their own pockets. (you know dang well if 100 million BsF was reported, about 400 BsF was pocketed.
This market will now close, and NO FOOD OR MEDICINE will be found at any price. Chavismo for another win!
