Here in Venezuela, some people is using LocalBitcoin to sell Petro at 50% of their " fixed price by the goverment"

Hello guys,Venezuelan here, you can check my post history.Weeks ago government airdropped 0.5 PTR (Petro) to public workers and pensioners. They claim to have reached 6millons Venezuelans.According to the government the Petro acts more like a cryptoasset than a crytocoin, they "fixed" the value at 60 USD.Most people didn't know what to do with the petro, there was a "opening" here we have some kind of POS that was able to get access to the Petros only using your fingerprint (it is called Biopago), when people learnt about this lines were in the stores that that Biopago, and use their 30 USD (0.5 PTR) buying things.But after a few days, government disabled that way because USD/Bs. (bolivares) exchange rate started going up. There was another way of using the petros, using a proper wallet (Called PetroWallet or PetroBilletera), also disabled after some time.You can go to "authorized by the goverment" exchanges, some of the offer the way of exchanging them, as it is free market and more people want to sell that people wanting to purchase, the price has dropped to 1 PRT around 30 USD (50%), of course a socialist government doesn't like this, they say its price MUST be 60 USD.Some people is also using Localbitcoin to list Petros, but at the real market price (30 USD per unit).Minimum wage (which is earned by a big chuck of the population, not like other countries) is 250,000 Bs. wage (less than 3 USD) + 200,000 Bs. food bonus (less than 3 USD) PER MONTH. Increased from 150,000 Bs. and 150,000 Bs.Biggest bank note is 50,000 Bs. which is around 1 USD. You need to use debit and credit, bank transfer, cryptos and USD to pay anything.Here in Venezuela situation is really hard, some people dont believe that amount is the minimum MONTHLY wage. I work and earn more than that (anyway, the amount is really low, I'm sure with that amount I would be living homeless in Colombia, Peru or Panama for example), usually get some donations from redditors and do some freelancing work (translating mostly) and it is really hard to keep up daily.AMA.

Submitted January 20, 2020 at 10:16PM