In Venezuela it was way worse with a rate of: 1 USD = ~248,487 VEF which is 0.000004 USD, 1 Satoshi was worth 20 VEF at one point, this was changed recently due to the insane inflation in Venezuela and the old VEF was converted at a rate of 1:100.000
Wow I have never thought about Venezuela which has become the poster child for bitcoin use lately. What is happening in Venezuela is really saddening. The country has all the potential to be an economic power, has many of needed resources, got political leadership that shifted away from USA (they should have used that as a big advantage) but then it was mired with wrong policies and corruption got in the way. I am wishing well the people and the government of Venezuela that things will go right soon.