(Venezuela) In a crazy political week, volume traded in Localbitcoin was 1,484 BTC (ATH is 1,974) . One BTC is around 10,000,000 BsS (ATH). Monthly minimum is 18,000 Bs (Increased from 4,500 Bs two weeks ago) or 6,66 USD. Monthly inflation

Hi guys, Venezuelan living here now in the middle of a political turmoil.

180,000 satoshis is one monthly minimum wage.

All of this is calculated using street exchange rate, but even if you use the "official" exchange rate the situation is almost the same, monthly minimum wage would be 9 USD PER MONTH.

2018 inflation rate was around 1,700,000% https://www.brecorder.com/2019/01/10/464580/venezuelas-annual-inflation-surges-to-1-7-million-percent/

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

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

AMA.

Submitted January 28, 2019 at 05:32AM by WorkingLime http://bit.ly/2B6g5xw