50 US dollars is equivalent to almost 10 minimum wages, according to the official BCV exchange rate of Bs 24.57 per dollar. The team of SuchWhich Find out how these $50 pay off when buying shoes on Bulevar de Sabana Grande, which brings together a large number of shops with a variety of prices and models. This is the eleventh work in a weekly publication series that tries to analyze the expenses that the ticket with the face of Ulysses S. Grant can cover.
In SuchWhich We wonder how much a sum of $50 yields —approximately 10 minimum wages, according to the official exchange rate— when going out to buy shoes in Caracas. This is the tenth work of a serial weekly that tries to analyze the expenses that a Venezuelan citizen can cover with the bill that displays the face of Ulysses S. Grant
It is not just an aesthetic issue, footwear is a necessity just as important as clothing, as it protects the foot from all the harmful elements that can be indoors and outdoors. That is why this item is included in the basic basket as an essential product to cover.
In a country with a minimum salary of Bs 130 which is equivalent to only $5.29 According to the exchange rate published by the Central Bank of Venezuela (BCV) for this April 21, it is uphill to buy a pair of shoes for daily needs, not to mention enough pairs to adapt to the different activities of the day. day.
For this reason, the team SuchWhich consulted prices of all kinds of shoes in a variety of shops on the boulevard of Sabana Grande, where a wide range of prices, models and shoe offers can be found.
The concept of this exercise is to implement a budget of $50 and see how much the ticket with the face of Ulysses S. Grant will go towards buying women’s, men’s and children’s shoes.
*Also read: What is $50 worth in a day of walking through Caracas?
The search for prices was based on the Sabana Grande Boulevard, almost 2 kilometers of street full of commercial activity, both formal and informal, with dozens of shops that offer a huge variety, ideal for buying shoes. The offer of the Zapataco, Calzamoda, Apolo, Catimoda, Mundo Total, Romks and Radical stores was consulted.
ladies footwear
The greatest variety of prices and styles is found in women’s shoes. Depending on how the $50 is spent, a woman could walk away with either a dozen very inexpensive pairs or a single more expensive pair.
To make a shoe “market” with a variety of models, the $50 allows you to buy at least two pairs of sports shoes for $10 each, two pairs of sandals for $5 each, a pair of Converse-type shoes for $5, two pairs of loafers for $5 each and a pair of imitation Crocs sandals for $5.
Innocence Parada told SuchWhich that with a budget of $10 he could buy at least two simple loafers for daily use in the Mundo Total store, which could withstand wear and tear for at least a year.
footwear for men
In general, the prices of men’s shoes are higher and there is less diversity of models and types of footwear. Despite these conditions, in the Sabana Grande stores there are many offers that allow you to make a round purchase with $50.
The list starts with two pairs of sneakers for $10 each, a 2-for-1 deal on Converse-style shoes for a total of $15, and loafers-style dress shoes starting at $15.
children’s footwear
For infants there is also quite a variety, but especially very affordable prices, which is very useful considering how quickly little ones change sizes in their growth process, so shoes with a lot of durability and resistance may not be so necessary.
The $50 can go towards buying a simple pair of sneakers starting at $6, another pair of better sneakers for $15, about three pairs for everyday wear for $5, a pair of school shoes for $10, and a Crocs knockoff for $4. .
*Read also: What can a family that goes for a walk eat on the street with $50?
Shoes for all pockets
The manager of the Romks store, Maksout Maksout, explained that in his store and other businesses in the area there is a wide variety of prices because the strategy focuses on selling to any social stratum, so there are very simple footwear for those who have a few dollars, but also of better quality for those who have greater financial slack.
“There are many ways to pay money. There is much variety. There are shoes for $10, $20, $25 or $35; It depends on your tastes and how you are going to dress. The $50 goes a long way and the customer even gets change,” he said.
According to the seller, the average that his clients usually spend is around $20 or $25, despite the fact that some buyers go with just $10 for the cheapest pair of shoes or others with more than $100 to get better models and more, although This is especially the case in shopping seasons, such as Christmas.
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