Today I went to the supermarket to take a photo to show you the prices of food in my country.
Cornmeal 0.95$
dough 2.2$
milk per kilo $14
rice 1.2$
That alone is more than the minimum salary of a worker from Venezuela, $8 per month.
A family of 4 people would be mom and dad and two children. both work would be $16 per month, much less covers the basic needs of a home.
#venezuela #food #economy
#plebechain #nostr
https://nostrcheck.me/media/public/nostrcheck.me_6863574692364055741689015312.webp
Wow. It means most people have to grow some kind of food themselves to survive.
What form of payment do you use when going to the grocery store? Cash? Bolivars are the only accepted payment still?
What do people use in Venezuela to turn Bitcoin into Bolivars and is it easy?
There are some supermarkets that already accept bitcoin cryptocurrency. Here you handle bolivars, $ in physical.
What has cryptocurrency and bitcoin is easily transferred to bolivares.
1. Binance has p2p exchange.
2. There are two exchange houses in my country, but the commissions are higher.
Interesting thanks for the response. Did they make bigger domination cash bolivar notes so you don't have to carry a bag of currency to pay for small things in Venezuela? I remember seeing articles of them weighing currency to pay for things because Bolivar was losing so much value.
چه جالب. کاش اینجا هم اینجوری بود
can you write in english please
No, I haven't done it yet. and the Venezuelan uses $ in physical than bolivars.
Bolivares only electronic transactions.
The currency of my country is highly devalued.
In the years before, the bolivar was worth a little more than the $. soon I will make a post of that
Followed. Would love to hear your first hand account.
Thanks You
Thanks for following me. I follow you too. What would you like to hear? Being here has helped me a lot with food, medicine, payment of expenses
What is it like living through such a steady decline in your local currency? Have you noticed any major social shifts due to this decline?
It's a big question how to live this decline Strong, because the monthly salary of a Venezuelan is $8 per month. When food and medicine are not enough, there are many extreme poverty, where children and the elderly die of hunger every day. Many Venezuelans have left their country looking for a better life, to be able to send remittances to their families. There was a time when food was not available, there was no basic product, this socialism has starved people to death. Many people have been looking for possibilities to earn money online. Another turns to cryptocurrency so that inflation does not eat away at her income.
I wish you all the best. For now, I can only imagine what you and the people in your country are suffering. And I'm so sorry you are victims of it.
I believe we are soon to face a global fiat disaster and many major nations will not be far behind Venezuela. A lot of bad short term focused decisions are being made in the global financial world with very few looking out for the next generation.
Thanks for your words and help. they are very right
Is there widespread #BTC adoption where you are? If not, how do you convert the currency for use?
USDT
