McDonald's fries return to Venezuela but cost a pretty penny for locals
Source: CBC
Venezuelans missing the salty taste of McDonald's french fries can line up at their nearest golden arches, but could be in store for some sticker shock after they place their order. The country's economic policies have made the price nearly a tenth of the country's monthly minimum wage.
The fries were reintroduced to the South American nation after a 10-month absence with a social media ad. The campaign didn't mention the increased cost, however.
Venezuela, which has multiple official currency controls on its bolivars on top of the black market, has struggled economically. Policies put in place by President Nicolas Maduro and his predecessor Hugo Chavez have been cited as the source for various shortages, including toilet paper.
The currency exchange shows how expensive the fries can be, as a large costs roughly $166 using the strongest official rate. But using the black market exchange rate lowers the cost significantly. Fusion writes that a large portion would only cost $1.15 US at the black market rate
Read more: http://www.cbc.ca/news/trending/mcdonalds-expensive-fries-1.3304816
BlueJazz
(25,348 posts)"Hey, good job today rookie, heard you busted a gang today for 6 big ones"
"Thanks Sargent, we caught them trying to unload all six bags at a office party"
7962
(11,841 posts)How soon before we can be rid of this "revolution"?
HDCowboy
(44 posts)Looks like they are talking about their monthly wages though, ouch!
uppityperson
(115,681 posts)There is a big difference, 1 hour compared to 161 hours of pay.
Bacchus4.0
(6,837 posts)and it doesn't matter what exchange rate you use, its still a tenth of their minimum wage in Ven Bolivars.
Throd
(7,208 posts)NATIONALIZE THE FRIES!