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Why crypto? Biggest banknote here in Venezuela is under 4 USD (Was more than 20 USD 2 years ago when released), this bill is 77% of the monthly minimum wage

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Why crypto? Biggest banknote here in Venezuela is under 4 USD (Was more than 20 USD 2 years ago when released), this bill is 77% of the monthly minimum wage

Yes, just like you read in the title.

It's important mentioning that currently all the banknotes share the same design (they just change the colors and numbers)

And currently this is not the worst case in South America, currently in Argentina the biggest banknote is 1000 pesos, around 2 USD right now!

Remember this is after 14 zeroes have been removed from the currency (Bolivares), since 2007, so this 100 "current" Bolivares would have been 10,000,000,000,000,000 "old" Bolivares from 2007.

This happens when the economy is destroyed and the Central Bank is run by politicans that just want to stay in power at all cost and don't care about the people.

Yes, monthly minumum wage by law is 130 Bs. (around 5 USD), but since yesterday you get a bonus of around 60 USD monthly

submitted by /u/WorkingLime
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