Venezuela UPDATE. 1 BTC is 27,000,000 Bs. Last week it was 23,000,000 Bs. Monthly minimum wage down to 3.5 USD. 1,454 BTC were traded last week. More than 2,000,000 of minimum wages.

Hey guys, situation is the same here.

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

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

https://dolarsatoshi.com/

Some people dont believe the MONTHLY minimum wage is around 3.5 USD (67,000 satoshis) , here is some proof:

https://www.reuters.com/article/us-venezuela-economy/we-all-earn-the-same-venezuela-minimum-wage-hike-angers-skilled-workers-idUSKCN1M62OX

You can see the minimum wage here :

https://www.reuters.com/article/us-venezuela-politics-wage/venezuelas-maduro-hikes-minimum-wage-300-percent-idUSKCN1P82E2

18.000 BS. per month

And the official exchange rate is now 4113 Bs. per USD. http://www.bcv.org.ve/

(Last week is was 3,302.24) BS. Per USD.

18,000 / 4,113 = 4,36 USD

(Street rate is around 5,000 Bs per USD, that is why the 3.5 USD figure)

Submitted April 22, 2019 at 01:02AM by WorkingLime http://bit.ly/2GoT0rQ