The price of bitcoin continues to increase, not only with respect to the u.s. dollar. There are already more than a half dozen national currencies whose value is below 1 satoshi or is close to the parity with the minimum fraction of a bitcoin. Among these countries, highlighting some of the continent of asia, such as Iran, Vietnam, Indonesia and Laos, in addition to some african countries and Venezuela.The worst situated between these local currencies is the iranian rial (IRR). In regard to the iranian market, a review in the portal of exchanging peer-to-peer LocalBitcoins sample for the purchase and sale bids above the IRR 1,200 million. That is to say, the inhabitants of the Islamic Republic of Iran require at least IRR 12 to buy just 1 satoshi.In Vietnam, the national currency, the dong (VND), has a value with respect to bitcoin similar to that of the bolivar sovereign (VES), fiat currency of Venezuela. Bids for the sale of the criptomoneda on LocalBitcoins are made by more than VND 200.000.000, which is equivalent to more than 2 dongs for every satoshi.Source: dmitrimaruta / stock.adobe.comLas deals in rupiah Indonesia (IDR) are currently between 130 and 170 million IDR. Every fraction of BTC translates then in at least IDR 1,3.
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Near equality with the satoshi
Other national currencies do not have a value less than satoshi, though they are near to reach a partidad with that fraction of a bitcoin.On data from BitcoinAverage, the price of BTC in swiss guineans (GNF) is currently above the GNF 94.000.000. This puts the currency of the african country slightly above the value of the minimum fraction of a bitcoin.The same thing happens with SLL, the currency of Sierra Leone; and the kip (LAK), the currency of legal tender in Laos. The price of bitcoin in SLL is above the 97.000.000, while bitcoin is worth around LAK 90.000.000, around both the equality between each of these currencies with each fraction of a bitcoin.The currency of Uzbekistan is the sum (UZS), has also lost a lot of value compared to bitcoin. In total, each bitcoin is worth currently about UZS 97.000.000, on data from BitcoinAverage. This is equivalent to about UZS 0,97 by satoshi.
Volumes of exchange in bitcoins
Contrasting among themselves, the markets of bitcoin in these countries do not move large volumes on LocalBitcoins, except for the case of Venezuela. For example, in Iran, the highest volume recorded so far this year for a week was 58 BTC traded. The historical maximum, in fact, did not reach the 250 BTC in a week, in the figures of the Coin Dance.The portal registered an historical peak in Indonesia of 262 BTC. In each of the last two weeks has moved just 3 BTC and only have exceeded the 10 BTC once since march this year.In Venezuela, the last few weeks the volumes have dropped more than 80% from the record high registered in February. Despite this, last week, moved more than 540 BTC and there has not been a week with less than 400 BTC traded from the last week of march 2018. In the hyperinflationary scenario of the venezuelan economy, the inhabitants of the south american country have been found in bitcoin a refuge for the value of their income and savings.