Updating this week number here in Venezuela, last week 28 BTC were traded here only measured using LocalBitcoin, one BTC is around 160,000 "new" Bs. (160,000,000,000 "old" Bs.). Monthly minimum wage is around 25 USD!

Hi, I'm a Venezuelan "living" here, for the last years I have been posting these stats here.

During these years, monthly minimum wage was gone from 1 USD to 30 USD and then 2 USD and now 25 USD.

I use LocalBitcoin stats not because it's the "leader" or I want, it's just because their API allows to keep track of the numbers. Binance for sure is king here, but no public stats. There you can use Bolivares (Bs.) to purchase any crypto (back and forth).

While monthly minimum wage is like 25 USD (130 "new" Bs., with an exchange rate of 5.2 Bs. / USD), average wage is aroud 80 USD and a good wage would be around 300 USD (for a manager).

BUT, to live ok a family needs more than 600 USD monthly...... And that would be with a level of living way lower than other country.

For now electricity at home level is almost free (a big house with AC won't pay more than 1 USD monthly), good mining oportunity (also risky). Of course, electricity is also unreliable and blackout are common.

Even moons make a nice part of my income (months ago was a lot more!)

If you have a question even if it looks crazy, please do it! Happy to answer.

Some sources,

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://coin.dance/volume/localbitcoins/VED/BTC

https://coin.dance/volume/localbitcoins/VED

https://www.caracaschronicles.com/2020/10/23/you-need-285-minimum-wages-in-venezuela-to-feed-your-family/

https://localbitcoins.com/country/VE

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