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Venezuela update. One BTC is around 1,820,000,000 Bs. (Bolivares). 457 BTC were traded last week, dowm from 593 BTC (only using LocalBitcoin), these 457 BTC traded are 759,709,000,000 Bs. Minimum monthly wage is around 5 USD.

Venezuela update. One BTC is around 1,820,000,000 Bs. (Bolivares). 457 BTC were traded last week, dowm from 593 BTC (only using LocalBitcoin), these 457 BTC traded are 759,709,000,000 Bs. Minimum monthly wage is around 5 USD.

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Hi guys,

As you know Venezuelan "living" here.

Two days ago AT&T had to shutdown all their operations in Venezuela (DirecTV), US goverment request to remove some channels and Venezuelan goverment didnt let to do that. Anyway, the price was around 2 USD per month, including even HBO so I dont think they werent that sad of doing so.

A big chuck of the Venezuelan population had DirecTV because it was cheap and without good internet acces it was a way out. So I dont have any international channel now and I rely on a 1.5Mb internet conection by a state owned ISP! I have to say I am little worried.

Just updating this week numbers. As I always say, only measured by LocalBitcoin.

Steady 2000 BTC monthly.

Monthly minimum wage is around 5 USD.

Any question let me know, AMA.

Sources:

https://orinocotribune.com/comprehensive-minimum-wage-increase-by-78-in-venezuela/

https://www.npr.org/sections/goatsandsoda/2019/09/06/757822363/a-doctor-or-nurse-might-earn-6-a-month-in-venezuela-if-theyre-lucky

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

https://news.bloomberglaw.com/tech-and-telecom-law/at-t-shuts-down-its-directv-business-in-venezuela-citing-laws

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

submitted by /u/WorkingLime
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