1,095,977,902,957 Bolivares (Bs., Venezuelan currency) were traded last week for BTC in Venezuelan using only LocalBitcoin, ATH in Bs.. That is 518 BTC (up from 493). One BTC is 2,435,000,000 Bs. Monthly minimum wage is around 4 USD

Steady around 500 BTC weekly for 2,000 BTC monthly.

This is only measured using LocalBitcoin, there are other exchanges like AIRTM, Uphold, Binance and so on, but no open data as far as I know. Most of the Localbitcoin trades are in Bolivares.

Here are more stats https://www.usefultulips.org/combined_VES_Page.html

I recommend reading this website, it is one of the best english websites for Venezuela news (they sometimes touch the crypto and economic situation).

https://www.caracaschronicles.com/

Last week by a serious NGO released a survey (it is called Encovi) they concluded the average income of the Venezuela is 0.72 USD daily.

https://www.caracaschronicles.com/2020/07/08/yes-venezuela-is-now-the-poorest-country-in-the-americas/

Any question let me know, AMA. But check my links and sources first.

Sources:

https://orinocotribune.com/comprehensive-minimum-wage-increase-by-78-in-venezuela/

https://www.npr.org/sections/goatsandsoda/2019/09/06/757822363/a-doctor-or-nurse-might-earn-6-a-month-in-venezuela-if-theyre-lucky

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

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

submitted by /u/WorkingLime
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from Bitcoin - The Currency of the Internet https://ift.tt/30BIG9X