(Venezuela) One BTC is 23,000,000 Bolivares (Bs.), last week it was 18,000,000. Minimum monthly wage is around 5 USD. Localbitcoin trades around 1,500 BTC weekly.
Crisis has worsened. Caracas has electricity 24/7, the rest of the country has between 21 and 18h per day.
Zulia state only has electricity 6h per day.
Monthly minimum wage (Here in Venezuela a lot of people earn minimum wage) is 18,000 Bs. per month (One USD is around 3,500 Bs. fixed by the goverment and 4,500 Bs. street rate) that is like 80,000 satoshis.
With my work and some extra money I almost have to pay for all the expenses of my parents, if not, they would starve. I'm living here BTW.
https://coin.dance/volume/localbitcoins/VES/BTC
https://www.bloomberg.com/features/2016-venezuela-cafe-con-leche-index/
Some people dont believe the MONTHLY minimum wage is around 5 USD, here is some proof:
You can see the minium wage here :
18.000 BS. per month
And the official exchange rate is 3,302.24 BS. Per USD.
https://www.france24.com/en/20190128-venezuela-devalues-currency-align-it-with-black-market
You can see here is wages, a minister "should" earn just 36,000 Bs. per month which is less than 10 USD https://www.costadelsolfm.net/2019/01/16/nueva-tabla-salarial-administracion-publica-enero-2019-obreros-empleados-y-altos-funcionarios/
Submitted April 14, 2019 at 06:18PM by WorkingLime http://bit.ly/2V29XkW
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