Venezuela UPDATE "living" here. 1 BTC is around 230,000,000 Bs (Bolivares). Two weeks ago it was 154,000,000 Bs. Monthly minimum wage is around 7 USD (it was 8 USD before). 552 BTC were traded last week using LBTC (last week was 549) which is around 80,900,000,000 Bs. AMA.

Hello, it is me just updating the situation here in Venezuela. You can check my post history if this is the first time you read about me.

Minimum wage (which is earned by a big chuck of the population, not like other countries) is 150.000 Bs. wage (7 USD) + 150.000 Bs. food bonus (7 USD) PER MONTH.

Biggest bank note is 50,000 Bs. which is around 2 USD. You need to use debit and credit, bank transfer, cryptos and USD to pay anything.

This after 5 zeroes were shaved from the currency less than a year ago and 3 zeroes more 12 years ago. So it would be 5,000,000,000,000 Bs.

Official rate (Venezuelan Central Bank http://bcv.org.ve/ ) is 20.454 Bs. per each USD.

Sources:

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

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

AMA!

Submitted October 28, 2019 at 04:30AM by WorkingLime http://bit.ly/2NhMZAH