The hyperinflation of venezuela has led the national currency of the country, the bolivar sovereign (VES), to its lowest point with respect to bitcoin (BTC). Currently, the equivalence is 2-SEE for every satoshi of bitcoin, the minimum fraction of the criptomoneda.The average price of BTC in the venezuelan market is located in 218.432.988,04 you SEE, according to reflect data of the portal of monitoring of the foreign exchange market Yadio at the time of drafting of this note. Promptly, this represents a value of 2.1 LOOK for satoshi.In a month, the price of BTC has almost doubled with respect to the bolivar. In data Yadio, to the 29 of July the price of BTC in the venezuelan market was a little more than you SEE 112.000.000. That is to say, has had an increase of close to 94%.The increase was given despite the fact that the price of BTC relative to the u.s. dollar happened in the same period of the us $ 9.520 to 10.170, on data from CoinMarketCap, which denotes a devaluation of the bolivar against the dollar.The minimum wage in Venezuela, by presidential decree, is 40,000 bolivars sovereign. An inhabitant of the south american country requires more 5460 times that minimum income to buy a bitcoin. Such a minimum wage is equivalent, also, to some 19,000 satoshis, according to the value reflected in yadio.io for the bolivar sovereign with regard to bitcoin.In July of this year, the venezuelan government announced the creation of a new banknote of high denomination, for the value you SEE is 50,000. At that time, that ticket was equivalent to $ 7 in bitcoin or a 0,00086863 BTC. Now, with that same ticket could be purchased only 0,00023809 BTC.
Volume of exchanges you SEE/BTC
Between the increase in the price of bitcoin, which began the year at USD 3.759, and the depreciation of the bolivar, the volume of exchange between these two currencies through the portal LocalBitcoins has decreased in the last few months.In the last three weeks, the volume has not reached the 500 BTC exchanged per week, according to figures collected by Coin Dance. During the month of June, the weekly volume lowest was recorded in the week of the 22 to the 29 of the month, with 666 BTC traded. In February of this year was the historical peak for a week with 2.487 bitcoins traded through the platform of P2P sharing in the week of 9 to 16 February. Even, from Venezuela came to be traded more than 8,000 BTC per month for three months consecutivos.De indeed, throughout the year, has been recorded only 5 weeks, with volumes below 500 BTC traded. Four of them have been for the last month and a half, coinciding with high increases in the exchange rate you SEE USD in the south american country.