468 BTC, the amount of BTC traded last week in Venezuela (Only using LocalBitcoin), that amount was 829,410,000,000 Bs. (Bolivares). One BTC is 1,850,000,000 Bs. Monthly minimum wage is 5 USD.

Hi guys,

Remember Venezuelan “living” here.

This week has been a bit slow. But still, we are around 2000 BTC monthly.

Finally, goverment increased the price of the gasoline. Now one litre is 50 USD cents (one gallon is 1.9 USD). Old price was: 1 litre of gasoline = 0.0000000003 USD.

As the wages are that low, you have a subsidized amout of 120 litres monthly (120 litres for 3 USD). It is a mess…

They will go for the other public services. Electricity and water….

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

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

submitted by /u/WorkingLime
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