| submitted by /u/Maleficent_State
Hi guys, Venezuelan living here. Things are really hard here, even if you have some BTC or USD prices are increasing. Basically I have to support (or at least try) my whole family.
One monthly minimum wage is around 50,000 satoshis. Daily that would be around 1,700 satoshis.
All of this is calculated using street exchange rate, but even if you use the "official" exchange rate the situation is almost the same, monthly minimum wage would be 5,22 USD PER MONTH.
2018 inflation rate was around 1,700,000% https://www.brecorder.com/2019/01/10/464580/venezuelas-annual-inflation-surges-to-1-7-million-percent/
Venezuela has experienced its biggest jump in bitcoin volume over the past week with 1,974 BTC traded on LocalBitcoins.
Google Alert – bitcoin
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.
BTW: Maduro "ordered" to change the value of the petro v2 (Venezuelan "crypto") from around 3,600 BsS. to 9,000 BsS.