Hello guys, simply posting this to maintain the custom! Hope you might be doing good.
As I all the time do, that is my replace of the stats right here in Venezuela (Venezuelan residing right here).
Nothing excitng this week, 1 BTC lower than final week. So month-to-month common is round 120 BTC.
These stats are just for LocalBitcoin (as a result of they make them public), different exchanges are Binance, Airtm and Reserve. Binance is king with P2P even with Bolivares!
One BTC trades at 167,000 Bs. (Bolivares), keep in mind that since 2007, 14 zeroes have been faraway from the forex by legislation.
Month-to-month minimal wage nonetheless underneath 16 USD and common round 100 USD.
Crypto has been used for years so individuals would trade their Bolivares as quickly as potential! Some individuals use them to ship remittances to their households right here and likewise individuals mining (home electrical energy is free, right here mining with GPU remains to be worthwhile hahaha).
https://www.reuters.com/expertise/venezuelas-economy-regresses-crypto-fills-gaps-2021-06-22/
https://en.wikipedia.org/wiki/Hyperinflation_in_Venezuela
https://coin.dance/quantity/localbitcoins/VED/BTC
https://coin.dance/quantity/localbitcoins/VED
https://www.caracaschronicles.com/2020/10/23/you-need-285-minimum-wages-in-venezuela-to-feed-your-family/
https://www.caracaschronicles.com/2022/04/21/is-venezuela-doing-better/
https://www.caracaschronicles.com/2022/04/20/the-bizarre-figures-of-venezuelas-economic-recovery/
https://localbitcoins.com/nation/VE
https://www.bloomberg.com/options/2016-venezuela-cafe-con-leche-index/
