A bartender at a pub I frequent in bogata is from Venezuela. He has mentioned a couple things on life there.
The USD is in use there like many parts of the world.
Like many families, this bartender sends money back to family there. This, he says is what lots of people do.
Any Venesuelans who could, got out of the country . Rumor has it there are at least 1 million in Columbia. Many fled to Panama.
Before it turned into a socialist paradise, I used to enjoy Caracas, but it has since decayed into a pretty rough place. Haven’t been there since about the time the exchange was about 50 to 1 USD. Not sure what it is now. Ack then you could feel the tension in the streets, can’t imagine what it’s like now.
I also wonder how Maduro is still in power.
MG