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Latin America/All : Venezuela Inflation

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Pogopossum
12 Feb 2019
07:40:38pm
Watching the news tonight, I am seeing that conditions in Venezuela are declining and inflation rates for some things are reaching one million percent. This is absolutely not meant to be a political thread, and I am almost ashamed to ask, but how is this affecting postage rates? Can anything actually be mailed in/from Venezuela? Are any of our members from Venezuela? What is happening?

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roy
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12 Feb 2019
09:23:29pm
re: Venezuela Inflation

We have one active member in Venezuela who last logged in on February 1. I have written to her via Stamporama PM. Hopefully she will have the time to respond to us here.

Roy

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Jeredutt3
12 Feb 2019
11:42:19pm
re: Venezuela Inflation

extremely interesting question. As at least a powerful oil exporter there must be some commercial mail moving. Could be a very interesting specialty collection if there are some strange rate jumps and overprints...

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smauggie
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13 Feb 2019
09:30:17am
re: Venezuela Inflation

According to Oanda, a currency broker, the Venezuelan Bólivar Soberano has recently experienced some inflation versus the US dollar. Here is a 90-day chart showing the recent change.
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philb
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13 Feb 2019
05:22:01pm

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re: Venezuela Inflation

I don't think i would want to be a postal clerk there right about now.

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"If a man would be anything, he must be himself."
Pogopossum
13 Feb 2019
06:49:59pm
re: Venezuela Inflation

Is there a difference in measuring the value of a currency vs. the US dollar as opposed to the value of a single item and it's change over a period of time, in terms of local inflation? Is the Venezuela inflation a cost increase or a deflation of the value vs. foreign currency? It looks like a combination of the both. I should have taken Economics in college.

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smauggie
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13 Feb 2019
09:27:05pm
re: Venezuela Inflation

You are quite correct Pogo. There is the supply/demand for a particular currency as indicated by the exchange rate and then there is the supply/demand for particular goods which is a completely separate measurement, though I think it is fair to say that the two measurements are not entirely unrelated.

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DannyS
13 Feb 2019
10:56:56pm
re: Venezuela Inflation

Ah, the Big Mac Index. If only currency exchange rates were set by the cost of a McDonald's Big Mac, life for some of us would be far more simpler. It makes much more sense than the subjective market forces which usually control such things.

See here.

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pigdoc
19 Feb 2019
09:15:39am
re: Venezuela Inflation

Rapidly changing prices for services (such as mail), provide fertile fields for mis-frankings, and interesting postal history collections, as postal clerks struggle to keep current with rates, phil and Jere.

And, to Pogo's point, here is a .pdf of the published rates and periods for the period of inflation in Germany, from the German Philatelic Society:

German Postal Rates 1918-1923

My point is that, for anyone considering doing a 'rates collection', periods of hyperinflation are really fun, and a great place to get 'hooked'! My German Inflation collection, focused on 1923 when there were SIXTEEN different rate periods, stretches to 70 items now...And, I'm still hunting for a couple more before I'll call it complete.

-Paul


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DanielaPerche
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my_stampsve
14 Mar 2019
03:18:57pm
re: Venezuela Inflation

Buenas noches amigos, gracias por su interés en mi país.
Permítanme corregir por favor, la inflación en mí país no llega al 1 millón porcentual sino casi a los 2 millones, sólo a manera de corrección, sé que no es su interés entrar en escenarios políticos.
Estamos atravesando el más duro momento en toda nuestra historia, yo me encuentro en Caracas-Venezuela y actualmente tenemos luz y agua, a medias.
En cuanto a los envíos, estoy actualizando los precios de las tarifas de las empresas con las cuáles trabajo, Fedex y Liberty, ésta última hace aproximadamente un mes me informó que hacen envíos al exterior con cobros en destino, sólo para paquetes tipo documentos, creo que sería la mejor opción, ya que en Fedex me comunicaron que el envío más económico sale en $25,00, ésto es desde 1 sello hasta el peso máximo de 1 kg. en sellos.
Espero haber aclarado algunas dudas, si necesitan cualquier otra información estoy a sus órdenes.

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"my_stampsve"
DanielaPerche
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my_stampsve
14 Mar 2019
03:24:50pm
re: Venezuela Inflation

Otra corrección, no se dejen engañar por éstas variaciones del bolívar soberano en cuánto al dólar, ya que para nosotros en Venezuela no hay un dólar oficial al que la población puede llegar, ese dólar oficial está actualmente en 350,00 Bs. por dólar, sin embargo el 98% de la población debe optar por el dólar negro o paralelo el cuál alcanza un monto de Bs. 3.600,00 por dólar.
Dependiendo de las tarifas que me informen las empresas de envío, estaré publicando ofertas de los más de 100 mil sellos que poseo, de más de 200 países.
Gracias.

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"my_stampsve"
DanielaPerche
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my_stampsve
14 Mar 2019
03:30:00pm
re: Venezuela Inflation

En cuánto al planteamiento de Jeredutt3, les informo que IPOSTEL, empresa encargada de las impresiones de los sellos en Venezuela, actualmente no tiene calificado a NINGUNA PERSONA para certificar sellos ni de Venezuela y menos del resto del mundo.
Hubo muchos "ERRORES", en sellos Venezolanos que fueron hechos con el propósito de generar ganancias a futuro, planteamiento que me lo informaron cuando asistí a sus oficinas y muchos empleados fueron despedidos por ese motivo, así que nose, hasta qué punto podrían llamarse "ERRORES".
Les comento ésto ya que he visto como muchos compradores, son engañados por varias empresas que operan acá.

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"my_stampsve"
roy
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14 Mar 2019
03:37:00pm
re: Venezuela Inflation

Google translate offers this translation of the foregoing messages:


Good evening friends, thank you for your interest in my country.
Allow me to correct please, inflation in my country does not reach 1 million percent but almost to 2 million, only by way of correction, I know it is not your interest to enter political scenarios.
We are going through the hardest moment in our history, I am in Caracas-Venezuela and now we have light and water, halfway.
As for the shipments, I am updating the prices of the rates of the companies with which I work, Fedex and Liberty, the latter about a month ago informed me that they ship abroad with charges at destination, only for document type packages, I believe that would be the best option, since Fedex told me that the cheapest shipment comes out at $ 25.00, this is from 1 stamp to the maximum weight of 1 kg. on stamps.
I hope I have clarified some doubts, if you need any other information I am at your orders.

Another correction, do not be fooled by these variations of the sovereign bolivar in how much to the dollar, since for us in Venezuela there is not an official dollar to which the population can get, that official dollar is currently at 350.00 Bs. Per dollar, However, 98% of the population must opt ??for the black or parallel dollar which reaches an amount of Bs. 3,600.00 per dollar.
Depending on the rates that the shipping companies inform me, I will be publishing offers of the more than 100 thousand stamps that I own, from more than 200 countries.
Thank you.

Regarding Jeredutt3's approach, I inform you that IPOSTEL, the company responsible for printing stamps in Venezuela, currently has NO PERSON qualified to certify stamps of Venezuela and less of the rest of the world.
There were many "ERRORS" on Venezuelan stamps that were made with the purpose of generating future profits, an approach that was reported to me when I attended their offices and many employees were dismissed for that reason, so I do not know, to what extent they could be called " MISTAKES".
I mention this to you as I have seen how many buyers are deceived by several companies that operate here.

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