<p>Venezuelans are having trouble flying in and out of their country. Spanish discount airline Air Europa has indefinitely stopped taking taking bolivars, the Venezuelan currency, since the Venezuelan government stopped exchanging them for U.S. dollars. ”The reservation people told me that I could buy the ticket in dollars or euros, but not bolivars,” said one stranded passenger. “I’m Venezuelan, and what other money do I have?” Indeed, around the world, citizens are subject to dictators’ whims by virtue of being forced to use a currency over which leaders have absolute control. Such was the case last year when the government of Cyprus declared an intention to confiscate the contents of Cyprian bank accounts. What happened next may be instructive for […]</p><p>The post Grounded Venezuelans May Want to Escape to Bitcoin appeared first on Bitcoin Magazine.</p> January 22, 2014 at 12:16PM
