61 BTC were traded last week in Venezuela only using LocalBitcoin, a drop of 2 BTC from last week. That is around 11% of the total traded amout in the world (61 of 533) at LocalBitcoin. One USD is around 3,000,000 Bs. (Bolivares ISO VES, our currency) cur

Hi guys, Venezuelan living here.

Yes, one BTC trades at 140,000,000,000 Bs.

Binance is doing a hard marketing work here, even with instagram/facebook ads in spanish targeted to us. I expect LocalBitcoin traded amount to drop more, sadly Binance doesn't give the data.

Remember in Binance (using P2P), you can go from Bolivares to crypto and from crypto to Bolivares, a game changer.

Yes, that is the minimum wage! Usually that wage is limited to the public worker (they have some kind of scale), anyway higher position of the scale could be 10 monthly minimum wages, so around 33 USD monthly!

Average wages in the private sector are around 70 USD monthly, according to a research made by a NGO.

You cannot live with that income, one NGO called CENDA updated their research and for a 5 members family you need 416 USD monthly to live "ok" (months ago it was a bit lower), so you need more than 120 monthly minimum wages monthly

http://cenda.org.ve/fotos_not/pdf/RESUMEN%20EJECUTIVO%20CBT%20MARZO%202021WEB.pdf

You can see this Venezuelan reddit discussion about monthly wages (I know it is hard to believe)

https://np.reddit.com/r/vzla/comments/n8ypnl/whats_the_average_wage_in_venezuela/

Also, last Drew Brinsky (American Youtuber) video shows a lot of interesting things when he came here and tried to exchange 100 USD

https://www.youtube.com/watch?v=GkyLAKzznwg

Sources (PLEASE check them!!!):

https://www.descifrado.com/2021/04/13/ovf-el-460-de-las-remuneraciones-del-sector-privado-se-pagan-en-dolares/

https://www.usefultulips.org/combined_VES_Page.html

https://www.caracaschronicles.com/

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

https://localbitcoins.com/buy-bitcoins-online/ves/

https://www.reuters.com/article/venezuela-economy/venezuela-to-introduce-1-million-bolivar-bill-as-inflation-persists-idUSL2N2L401H

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

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