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In 2021, gold extraction generated around 2.3 billion dollars, of which the State received only 25%. [ 38 ] [ 39 ] [ 40 ] By 2023, the economic situation of Venezuela improved, with the economy growing by 15% and extreme poverty rates decreasing, thanks to a liberalized economy and more access to the United States dollar .
Transport costs can reach 50¢ per pound ($1.10/kg) or higher in some remote areas during times of inclement weather or rough terrain conditions, if these locations can be reached at all. The cost of delivering a gallon (3.8 L) of milk is about $3.50 in many villages where per capita income can be $20,000 or less.
The same coinage act also set the value of an eagle at 10 dollars, and the dollar at 1 ⁄ 10 eagle. It called for silver coins in denominations of 1, 1 ⁄ 2, 1 ⁄ 4, 1 ⁄ 10, and 1 ⁄ 20 dollar, as well as gold coins in denominations of 1, 1 ⁄ 2 and 1 ⁄ 4 eagle. The value of gold or silver contained in the dollar was then converted ...
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