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About Brian Botta
Expertise

Relocating to a foreign country and adjusting to life in a different culture, with a different language and a different set of values can be difficult. As a foreign expatriate living in Venezuela I've become rather well acquainted with how the country operates and how to avoid problems in Venezuela.

I have specific expertise with regard to the relocation of English speaking individuals and families to Margarita Island, including the associated issues of renting or buying a home, acquiring language training, acquiring a residence or investor visa, opening bank accounts, finding competent professionals (doctors, lawyers, accountants, dentists, etc.) placing children in a private school and other associated issues involved with relocating individuals or families to Margarita Island.



Experience


Experience in the area
I (a US Citizen) relocated my family to Margarita Island in early 2005, and we have been living here since that time. We are now residents of Venezuela, living normal lives and doing business here on the Island.

I am active in real estate development and sales, as well as helping foreigners relocate to Margarita Island. I'm a writer, and my website (http://bulletproofretirement.com) has over 200 articles on the various aspects of relocation abroad and moving to Margarita. As a writer and researcher I am quite experienced with providing complete answers to specific questions.

I currently assist with the relocation of 1 to 2 individuals each month, about half of them from the US and the rest from Canada and the UK. Some of the clients are retirees, others are business or real estate investors who need assistance in finding quality properties to purchase. In either case, I've become experienced in solving problems with moving to Venezuela.


 
   

You are here:  Experts > Cultures > South America for Visitors > Venezuela > transfering money

Topic: Venezuela



Expert: Brian Botta
Date: 2/14/2008
Subject: transfering money

Question
hallo Brian

I want to transfer bolivares to US using Venezuelian brokerages,do you know what  exchange rate will be?


Cheers

Alex

Answer
Hello Alex

The exchange rate of the Dollar-Bolivar goes up and down, and anyone who could predict the movements would probably wind up very rich.  As an unregulated market, the exchange rate is whatever the brokerages say it is, and there is no governing body to regulate whether they're telling the truth.  In fact, according to the government it's now against the law to publish the rates of exchange.

There are several blogs that cover the parallel market: do a Google search for "dolar paralelo" you'll find some of them.  They publish exchange rates, but since the government doesn't know who does it and the blogs are actually hosted in the US... the government can't shut them down.

Cheers,
Brian

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