Currency arbitrage in Venezuela

[vagabond]

This is old news but still; currency controls in Venezuela has led to the black market dollar rate to be about 10 times the official exchange rate. Would some of you be tempted to exploit this opportunity or have already done it?

http://world.time.com/2014/01/23/venezuelas-currency-controls-propels-those-with-connections/

Vinny is in the middle of a whirlwind trip. He began in Caracas ten days ago, has already passed through New York, Chicago, Kansas City, Dallas, Indianapolis and Los Angeles and is about to board a flight from Miami to Milan and onto Madrid. The 28-year-old personal trainer will be there for around 36 hours before continuing his journey on to London, Johannesburg, Doha, Tokyo, Dallas, Lima and finally Caracas again in just over a weeks time. The entire trip all 16 flights cost him just $600.