As each week I publish this right here too.
Hello there, as at all times I publish these stats weekly.
Final week it was a bit increased, 32 BTC. Nonetheless month-to-month common is round 120 BTC. Years in the past it was over 1,000 BTC for weeks!
LocalBitcoins is barely a reference as a result of they make public their stats. For positive it isn’t probably the most used one. Binance is king as a result of their P2P (with Bolivares), AirTM, Reserve and others, sadly they do not make public their numbers.
One BTC trades round 250,000 Bs.
Trade fee is round 11.70 Bs. per USD (final week was 9.30 Bs.). That is the official fee, avenue fee is round 13 Bs. per USD.
Not so many zeroes as a result of since 2007, goverment has eliminated 14 zeroes from the foreign money. One present Bs. would have been 100,000,000,000,000 “previous” Bs.
Month-to-month minimal wage is 130 Bs. so that’s round 11 USD at official fee and 10 USD at avenue fee.
Inflation is “solely” 140% since January, approach decrease than earlier than.
Folks use crypto to keep away from Bolivares, receives a commission, pay thingsm trade revenue from mining (electrical energy is “free”) and likewise obtain remitances from overseas.
Any query, let me know.
Some sources:
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/
