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 12 months in the past). 562 BTC have 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 dumb, you may also test my put up historical past.

Greatest financial institution observe is 50,000 Bs. which is lower than four USD. That you must use debit and credit score, financial institution switch, cryptos and USD to pay something.

This after 5 zeroes have been shaved from the foreign money lower than a 12 months in the past and three zeroes extra 12 years in the past. So it will 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/

In regards to 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, whole 65.000 Bs. Round four USD at road fee and 5 USD at official fee.

AMA!

submitted by /u/WorkingLime
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