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65 BTC were traded last week in Venezuela using (only) LocalBitcoin around 7,286,000,000,000 Bolivares (Bs. ISO VES). One USD is 4,000,000 Bs. and monthly minimum wages goes down to 2.5 USD (10,000,000 Bs.)

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by COINS NEWS 218 Views

Hello,

Venezuelan living here.

LocalBitcoin, Binance, AirTM and Uphold are used here as trade and payment methods.

  • One BTC is around 135,000,000,000 Bs.
  • Monthly minimum wage would be as today around 18 MOONS.
  • A family needs and average of 400 USD to live "ok"

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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