Live data from Hacker News

Certified Translator, stuck in Venezuela, looking for remote freelance work

cointotranslate.com

71–80 of 96 posts

Re: Certified Translator, stuck in Venezuela, looking for remote freelance work

#71
post #15

In case anyone is not aware of the current situation of Venezuela. Here is a recent explanation: https://news.ycombinator.com/item?id=17408792

The EU has sanctions on Venezuela and the US keeps piling on sanctions and newspaper reports say Trump is contemplating an invasion. Obviously these external pressures will have a negative effect on the Venezuelan economy. One reason for so much pressure is oil prices are rising and external forces want things changed before that happens. Thus the talk of US invasion. This is in contrast to the US-backed military ove…

Got any sources for this? Anybody know if these claims are substantial?

Re: Certified Translator, stuck in Venezuela, looking for remote freelance work

#72
post #67

Earlier quoted context omitted.

Can you not directly spend USD in Venezuela (like what happened in Zimbabwe before they switched officially)?

You actually can, there is some ways you can do it: 1. Sellers of "normal" stuff will take USD if you "deal" with them, for example if you need to buy a motherboard, most likely the seller will instantly say yes to an USD offer before getting paid in VEF because the money wont get devaluated in USD, if you check mercadolibre.com.ve (ebay equivalent in venezuela) you can see alot of people offering USD. 2. USD is used…

This is on point. If you need to change USD -> VEF or back you hit up a cousin on WhatsApp. I actually met someone recently who ran an informal alcohol delivery service back in ~2013-14 who offered discounts if you paid him in USD.

Re: Certified Translator, stuck in Venezuela, looking for remote freelance work

#73
post #33

Hey there, another venezuelan here. if you want to help this person PLEASE dont send any money without asking for verification first, I have seen so many people lately using this "please help me im venezuelan and i am in need" to scam money, there has been at least 5 sucessfull scams on r/btc, r/bitcoin and other online forums. Also Please note that: 1- it's harder to change BTC for VEF than change USD for VEF 2- thi…

To add to this to this point: 1. USD is the de facto world currency, and many (most?) banks in the world let you open an account in the local currency, plus another account denominated in USD which is absolutely necessary for doing any sort of international business 2. Venezuela's currency collapse is a problem mainly because it needs to import goods (medicine, machine tools, etc.) from the international market, whic…

That's not even close to an accurate assessment. Yes, you can technically have a bank account in Venezuela denominated in USD. However, it would be completely useless for a few reasons.

You cannot withdraw USD in Venezuela. Only Bolivares. And when you withdraw Bolivares from a USD denominated account, the bank must do so at the official rate.

The official government rate is a complete farce and has no bearing on reality. If you were to pull out $1 USD from any bank in Venezuela, you would get about 10 Bolivares. The real rate on the street right now is about 3 million Bolivares to 1 USD. https://dolartoday.com/

In other words, with your USD denominated bank account, you would have to withdraw about $300k usd to buy a bottle of coke.

As for getting an overseas account, that is extremely difficult if not impossible without physically being in that country. In the US you cannot get a bank account without some type of US id, either a SSN or TIN/EIN.

There are very few ways to get money into venezuela. One is to be lucky enough to already have a foreign account or overseas family or friends with an account. You can then transact with other locals who also have a foreign account by transferring money to them electronically.

The other method is Western Union to an adjoining country like Colombia. They go across the border get the cash and come back to Venezuela. Crossing the border with cash is fraught with danger right now. The other option is simply to travel outside the country but getting a travel visa to fly is exceedingly difficult for most Venezuelans. Venezuelan officials have stopped issuing passports to most. And countries like the US are not quick to grant a visa considering the fact that the great majority of tourists from venezuela are going to stay in the US permanently/illegally.

As for crypto... you still have to find someone else with money that is willing to pay cash for a crypto currency. But at least the barrier of entry for crypto currency is much lower right now that the difficulty of getting an overseas bank account.

Things are very, very bad in Venezuela right now. Of course, that doesn't mean scammers won't scam. But if the person is truly still in Venezuela, it is very likely they are in dire straits.

Re: Certified Translator, stuck in Venezuela, looking for remote freelance work

#74
post #41

It's heartbreaking seeing what happened to Venezuela. It is also really scary as Venezuela was doing relatively quite well compared to other nearby nations. Democracy, functional institutions (relatively) and then .... people chose to vote in some strong men who trashed it. Granted oil prices would have resulted in real problems anyway, but nothing to the extent we're seeing now. While nobody would want that situatio…

Democracy is hardly democratic anymore. It is mostly just a show. Votes don't seem to matter. Trump won the vote, putin won the vote.

I think the state of democracy can be a wide range of various forms and states and just declaring it "hardly democratic anymore" shows very little perspective and really favors the folks you think might be manipulating it....

Re: Certified Translator, stuck in Venezuela, looking for remote freelance work

#75

Earlier quoted context omitted.

The EU has sanctions on Venezuela and the US keeps piling on sanctions and newspaper reports say Trump is contemplating an invasion. Obviously these external pressures will have a negative effect on the Venezuelan economy. One reason for so much pressure is oil prices are rising and external forces want things changed before that happens. Thus the talk of US invasion. This is in contrast to the US-backed military ove…

Got any sources for this? Anybody know if these claims are substantial?

Maduro and Chavez just about every time on TV or radio claimed the US was preparing an invasion, was subverting the gov't by way of the opposition, etc. All the way back to the GW Bush, through Obama and till now.

Was/is Chavez/Maduro credible? I'll leave that up to you to decide.

The sitch down there is the govt's own doing. Nationalizing, expelling and enacting policies which drove out Industry SMEs ensured that the country would slowly but surely go downhill.

Re: Certified Translator, stuck in Venezuela, looking for remote freelance work

#76

Earlier quoted context omitted.

To add to this to this point: 1. USD is the de facto world currency, and many (most?) banks in the world let you open an account in the local currency, plus another account denominated in USD which is absolutely necessary for doing any sort of international business 2. Venezuela's currency collapse is a problem mainly because it needs to import goods (medicine, machine tools, etc.) from the international market, whic…

Slow down, "de facto world currency" and "most banks" is somewhat exaggerated. The dollar is still a very strong currency and in many areas the leader, but it is still not the world currency. Equally, banks do offer sometimes accounts denominated in USD but this applies mostly to larger banks, is typically a special kind of package, and is a classic foreign currency account you can open for GBP, EUR, SGD, and many ot…

It is most definitely the most used currency for international trade worldwide. It also makes up 64% of all known central bank's foreign currency reserves. If we were to declare a world currency, it would most definitely be USD. Hence why the poster used the term "defacto" I suppose.

Re: Certified Translator, stuck in Venezuela, looking for remote freelance work

#77
post #73

Earlier quoted context omitted.

To add to this to this point: 1. USD is the de facto world currency, and many (most?) banks in the world let you open an account in the local currency, plus another account denominated in USD which is absolutely necessary for doing any sort of international business 2. Venezuela's currency collapse is a problem mainly because it needs to import goods (medicine, machine tools, etc.) from the international market, whic…

That's not even close to an accurate assessment. Yes, you can technically have a bank account in Venezuela denominated in USD. However, it would be completely useless for a few reasons. You cannot withdraw USD in Venezuela. Only Bolivares. And when you withdraw Bolivares from a USD denominated account, the bank must do so at the official rate. The official government rate is a complete farce and has no bearing on rea…

[deleted]

Re: Certified Translator, stuck in Venezuela, looking for remote freelance work

#78
post #76

Earlier quoted context omitted.

Slow down, "de facto world currency" and "most banks" is somewhat exaggerated. The dollar is still a very strong currency and in many areas the leader, but it is still not the world currency. Equally, banks do offer sometimes accounts denominated in USD but this applies mostly to larger banks, is typically a special kind of package, and is a classic foreign currency account you can open for GBP, EUR, SGD, and many ot…

It is most definitely the most used currency for international trade worldwide. It also makes up 64% of all known central bank's foreign currency reserves. If we were to declare a world currency, it would most definitely be USD. Hence why the poster used the term "defacto" I suppose.

Hence I wrote "strong" and "leader in many areas".

"World currency" implies more than a dominant use in international transactions though.

My overall point is the statement as-is (currency and banks) is somewhat exaggerated.

Re: Certified Translator, stuck in Venezuela, looking for remote freelance work

#79
post #74

Earlier quoted context omitted.

Democracy is hardly democratic anymore. It is mostly just a show. Votes don't seem to matter. Trump won the vote, putin won the vote.

I think the state of democracy can be a wide range of various forms and states and just declaring it "hardly democratic anymore" shows very little perspective and really favors the folks you think might be manipulating it....

And that's the difference between theory and practice.
Post reply on HN