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10/23/08

Now accepting bets

Feeling lucky punk?

My U$100 bill says that Venezuela will not devalue its currency from the official VEF 2.15 to the US dollar in 2008. The bet is at even money (i.e. you match my U$100 with your U$100) and can be settled by bank transfer, PayPal or Western Union wire on the first working day of 2009.

Any takers?

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Oct. 23 (Bloomberg) -- Venezuela's bolivar fell to a 10- month low in the parallel, unregulated market as a collapse in oil, the country's biggest export, fueled speculation the government will devalue the currency yada yada continues here

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Meanwhile, here's a message for (at least) seven readers I know that live in Venezuela and are fortunate enough to get their salaries in US dollars; tomorrow's the day, people....get yourself some of those cheap VEFs.