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60 BTC were traded last week in Venezuela using (only) LocalBitcoin (down from 65). One BTC is around 160,000,000,000 Bs. (Bolivares, Bs.)

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by COINS NEWS 202 Views

As usual, I'm just updating this week numbers!

I'm Venezuelan living here. Yes, monthly minimum wage is around 2.5 USD. One USD is around 4,000,000 Bs. (Bolivares).

Average monthly wage is around 70 USD. A family (5 members) needs around 400 USD monthly to "live".

There are other exchanges like Binance, AirTM and even UPHOLD, that are used here. But they don't publicy post their stats. In fact, Binance is king here, I don't have proof but I'm sure it moves more money than LocalBitcoin, which is the one that has public data.

Any question, AMA!

Sources (PLEASE check them!!!):

https://www.descifrado.com/2021/04/13/ovf-el-460-de-las-remuneraciones-del-sector-privado-se-pagan-en-dolares/

https://www.caracaschronicles.com/

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

https://localbitcoins.com/buy-bitcoins-online/ves/

https://www.caracaschronicles.com/2020/10/23/you-need-285-minimum-wages-in-venezuela-to-feed-your-family/

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

submitted by /u/WorkingLime
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