Venezuela UPDATE from the bottom. 1 BTC is round 150,000,000 Bs. A month in the past it was 85,000,000 Bs. (Bolivares). Month-to-month minimal wage is lower than 5 USD (it was 30 USD a yr in the past). 562 BTC had been traded final week utilizing LBTC (final week was 433) which is round 68,000,000,000 Bs. (ATH)



I'm a Venezuelan "residing" right here. AMA even when it seems to be dumb, you can even examine my publish historical past.

Largest financial institution notice is 50,000 Bs. which is lower than four USD. It is advisable use debit and credit score, financial institution switch, cryptos and USD to pay something.

This after 5 zeroes had been shaved from the forex lower than a yr in the past and three zeroes extra 12 years in the past. So it might be 5,000,000,000,000 Bs.

Sources:

https://cointelegraph.com/news/venezuela-sets-new-bitcoin-volume-record-thanks-to-10-000-000-inflation

https://coin.dance/volume/localbitcoins/VES/BTC

https://www.bloomberg.com/features/2016-venezuela-cafe-con-leche-index/

https://dolarsatoshi.com/

Concerning the minimal wage

https://www.venezuelanews.net/news/260700087/the-president-of-venezuela-raises-the-minimum-wage

40.000 Bs. per MONTH plus 25.000 Bs. as meals bonus, complete 65.000 Bs. Round four USD at road price and 5 USD at official price.

AMA!

submitted by /u/WorkingLime
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