Post
Topic
Board Economics
Re: This is how 0.037 Bitcoins looks like in Venezuela
by
Pt0x
on 29/10/2015, 06:37:31 UTC
well geting to zinbabwe its a bit more even like trillions of their currency thats why we all use dollar there but 12 dollars a month i imagine a house to buy there must be like 3000$ a good apartment.

Not Really. if you seek in http://www.tuinmueble.com.ve/ and use https://dolartoday.com/ exchange rate, in no time you will find out that  apartments prices in Venezuela are adjusted just as fast as the rate of inflation. Crazy right?.

Turns out that every smart company with Venezuelan FIAT over here would end up buying real state assets to protect their wealth from inflation.