The bicentenial bolivar

On January 16 I wrote that the Bolivar at 175 for a single dollar may sound expensive but if the regime were not to take REAL measures (it has not) within weeks that 175 would be cheap. There it is today, the black market value has crossed the 200 line even though the SIMADI was claimed to be the way in which the regime would kill black market. This one, it seems, is alive and well.  Apparently no one inside the regime seems to understand that no matter what gimmicks they invent the value of a currency depends upon which solid currency it can rest (gold, dollars or euros, same difference). It does not rest on revolutionary "values". (note that even the limited cash exchange value at Cucuta, the one to avoid bank commissions and delays, is at 179 and thus higher than SIMADI!)