Last week 1,190 BTC (all time high) were traded using localbitcoins in Venezuela. One BTC is around 1,900,000 BsS (all time high too). Montly minimum was increased from around 5 USD (1800 BsS.) to 12 USD (4500 BsS.). Inflation in the last three months was 400,000%.

Hi guys, monthly update. I'm Venezuelan living here, each day needing more money to survive. It's incredible how inflation is reaching even "hard" currency like USD or EUROS.

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

http://dolarbeta.com/

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

AMA

BTW: Maduro "ordered" to change the value of the petro v2 (Venezuelan "crypto") from around 3,600 BsS. to 9,000 BsS.

http://mppre.gob.ve/en/2018/11/29/president-nicolas-maduro-salary-increase-petro/

submitted by /u/WorkingLime
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Significant Trade Volume Triggers Localbitcoins KYC Requirement (news.bitcoin.com)

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