After the crash one BTC is trading in Venezuela around 110,000 Bs. (Bolivares), last week 34 BTC were traded here using ONLY LocalBitcoin, monthly minimum wage drops to 24 USD!

As I always update these stats, last week saw a drop of 4 BTC from 38 to 34 BTC.

Exchange rate Bs. / USD is increasing, monthly minimum wage is fixed in Bs. so it has been dropping from 30 USD monthly to 24 USD, I expect the government will adjust it soon to make it again 30 USD or more.

Average wage is around 100 USD according to several NGO, but a 5 members family needs around 600 USD to "live".

Remember the stats I use are only LocalBitcoin, the only one "exchange" that has the public stats. Binance is bigger and for sure trades much more but the numbers aren't public, Binance allows P2P with Bolivares!

People use LocalBitcoin to get rid of Bolivares, miners to exchange and people from abroad use it to send remmitances to here!

Where are all the zeroes? Goverment eliminated six zeroes by law last october, without that currenty price of BTC would be 110,000,000,000 Bs.

A lot of redditors have helped me before, a lot of good people here! Some works and some task, even moons make (or made, last months have been really bad) a nice part of my income!

Electricity is free (like 1 USD for 3 months service for a home) for now (mining is good but risky oportunity, but now with this crypto crash....)

Any question let me know.

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/