Venezuela Update: Exchange rate is around 900,000 Bolivares (Bs) per USD. LocalBitcoin traded 435 BTC last week. Minium wage was raised to 3 USD / month

Situation worsened because the goverment started an operation called "Manos de Papel" hunting people who were trading a lot of bolivares (which the suppose come from selling USD and cryptos not using their controlled exchange rate).

Also, they took control of the biggest private bank of the country, called Banesco.

In fact, before that Localbitcoin traded the all time record of 957 BTC traded in one week.

The price of the meat was 800,000 per kg 4 weeks ago and now it's 4,500,000 kg.

It's crazy living here (and sad….)

You can see my old posts for more context

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Venezuela Update: Exchange rate is around 600,000 Bolivares (Bs) per USD. LocalBitcoin traded 654 BTC last week. Minium wage is 2 USD / month ( You can see my old post for more context


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