Chris, a loyal reader (natch), poses the following challenge. He is planning to travel, perhaps to Venezuela, but other countries are open. He’d like to profit from an arbitrage opportunity which could be due to official and un-official exchange rates or it could be a goods-based arbitrage. At one point, for example, you could do quite well bringing condoms to Russia but no longer. Nothing illegal especially on the import side or nothing too illegal. I get the feeling he would go for bringing in Cuban cigars if that were his best bet.
Thus, MR readers, the challenge. What country and what arbitrage?
As for me, I always eat well and get a haircut when I’m in a poor country (thanks Bela Balassa) but that arbitrage won’t pay for the trip. Can you do better?