Post
Topic
Board Economics
Re: Enjoy comunism: Venezuela raises monthly minimum wage to $2.40
by
The Pharmacist
on 16/05/2021, 13:23:42 UTC
With my income from the Signature campaign I am testing to see if it is possible to save for my 12 and 13 year old nephews. 😊
Thanks for the input--it does look like crypto is picking up in Venezuela, and it's nice to hear from somebody who lives there.  That's also very nice of you to want to save crypto (or money in general) for your nephews, so good luck.

PokerPlayer, I appreciate the PM alerting me to verita1's post, as I haven't been closely following this thread and wouldn't have noticed it otherwise.  And I can't remember where I heard it, but there was a mention recently of how Venezuelans were trading their fiat for crypto in order to protect themselves from inflation--so I'm assuming that's going on fairly widely.  It's a smart thing to do with any fiat currency that's being devalued faster than you can spend it.