Inflation in Venezuela was "only" 86% the first four months of the year. It was over 57million percent between 2016 and 2019, speeding up the usage of others means of payment like Bitcoin.

I have do to the math, but even buying BTC at ATH you would have better performance than keeping the Bolivares.

Numbers are:

• January: 42%
• February: 19%
• March: 6% (Lowest since March 2022)
• April: 4%

These last numbers are like a relief, anything under 10% is considered good and a success.

Between 2016 and 2019, inflation rate was 57,798,500%.

Since 2018 they removed 11 zeroes from the currency by law.

Monthly minimum wage is around 5 USD (But now the government added some bonuses that are around 60 USD monthly), average wage is around 120 USD monthly and some prices are higher than NY. Only 10% of the population has an income over 350 USD monthly.

Living here is really hard.

(Keep an eye in Argentina, they are heading the same way)

https://efectococuyo-com.translate.goog/economia/venezuela-acumula-una-inflacion-del-867-dice-el-bcv/?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp

https://venezuelaaldia-com.translate.goog/2019/05/28/banco-central-venezuela-hiperinflacion-2016/?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=es&_x_tr_pto=wapp

Submitted May 14, 2023 at 09:13PM by WorkingLime https://bit.ly/3BpUWgs