This is how 0.037 Bitcoins looks like in Venezuela

[icem3lter]

Man, if the Venuzvalen government prints anymore money they will be paying more for the paper than the value it holds

Why does the government not print larger values onto each bill like this:



It would be easier carrying around.

[Raimonn]

That is one of the problems of governs that print money without control, the value of the products go up, and your money decrease as fast as new printing of higher notes. In this countries you can have very high value notes (with a low real price). Or big amounts of notes that cost more to print than its real value.

[ayesha201009]

This is why Venezuela will be the first country to adopt a virtual currency.

 0.037 Bitcoins o almost 12 Us$

It loos like a lot of money, but is the equivalent to half of the monthly minimum wage

Seems an historic image from Weimar republic, or the thrillion dollar banknote from Zimbabwe.
I hope venezuela people could improve the btc adoption more faster then other countries.

[hawkins]

I can only say wow,, it was a lot of money to me, whether it looks very much for them? if you have money to many like it in dollars, not in doubt, you can become a millionaire 

[HarizDB]

I could imagine the Venezuelan economy nowadays rely on other currencies, such as the US dollar or even on barter deals in the population. Maybe there are some other local South American currencies which are beeing used in Venezuela.
This is a good example of what hyperinflation gets you.

[ingiltere]

These banknotes look like strip club money.
Is there a strip club culture in Venezuela too?
I'm sure a lot of countries have similar thing with the smallest banknotes. Our range is 200 for example. Smallest banknote is 1 unit and the biggest is 200 units.

[Financial_Genius]

Holy....so much toilet paper.

[XinXan]

This is why Venezuela will be the first country to adopt a virtual currency.

 0.037 Bitcoins o almost 12 Us$

It loos like a lot of money, but is the equivalent to half of the monthly minimum wage

Seems an historic image from Weimar republic, or the thrillion dollar banknote from Zimbabwe.
I hope venezuela people could improve the btc adoption more faster then other countries.

Well seeing all the problems that Venezuela has right now I doubt their concern is about bitcoins, give them time and yeah they might adopit bitcoin but definitely not faster than other countries.

[Farma]

it was like a pile of money is worth it, if I had money to many like it here, maybe I can buy a new car for my family, but I guess there can not be much money to buy a car   

[pereira4]

These banknotes look like strip club money.
Is there a strip club culture in Venezuela too?
I'm sure a lot of countries have similar thing with the smallest banknotes. Our range is 200 for example. Smallest banknote is 1 unit and the biggest is 200 units.

Sex and drug must be pretty much rampant on there. When an economy is wrecked, people will do whatever it takes to get a better life quality. For those of you considering moving to "live like a king" you are crazy honestly. Too many thugs and desperate people. You don't need to be rich, just a middle class guy from the western world must be a target for robbery there. I would rather stay broke in a safe country.

[OROBTC]

...

Ruh, roh...

"Venezuelan President Seizes Control of the Central Bank"

http://www.gata.org/node/16064

Venezuela is heading for even more of a disaster.  Maduro is either the last of the true-believers in Communism, or monumentally corrupt or BOTH.

[ingiltere]

Sex and drug must be pretty much rampant on there. When an economy is wrecked, people will do whatever it takes to get a better life quality. For those of you considering moving to "live like a king" you are crazy honestly. Too many thugs and desperate people. You don't need to be rich, just a middle class guy from the western world must be a target for robbery there. I would rather stay broke in a safe country.

I'm already a middle-class in a poor country. I don't think a country with highest crime rates is people's first choice to live like a king. There are better poor countries in Middle-East and North Africa. You can even be middle-class with only signature money from here in these countries. It doesn't have to be in Venezuela. Half of the world is living with poverty.

[vilain]

...

Ruh, roh...

"Venezuelan President Seizes Control of the Central Bank"

http://www.gata.org/node/16064

Venezuela is heading for even more of a disaster.  Maduro is either the last of the true-believers in Communism, or monumentally corrupt or BOTH.

Venezuela might be saved from disaster if the political heat in the middle east continues to rise (since it's pumping oil prices). But it would be a short-term break from an economic disaster.

[ingiltere]

Venezuela might be saved from disaster if the political heat in the middle east continues to rise (since it's pumping oil prices). But it would be a short-term break from an economic disaster.

That's wrong. It looks like you didn't follow oil prices. It's 37$, which is one of the lowest in last years.
Even if oil prices rise that won't have big effect on Venezuela economy. Middle East oil companies still run the big part of business.

[5trade]

it was like a pile of money is worth it, if I had money to many like it here, maybe I can buy a new car for my family, but I guess there can not be much money to buy a car   

I buy you a car!  PM me BTC

[knowhow]

Venezuela has become the nightmare country as they cant control the inflation,they are killing the people,imagine get a salary of 400 dollars then next month it reduces or increases once again because inflaction should impack these thing.

[btvGainer]

This is why Venezuela will be the first country to adopt a virtual currency.

 0.037 Bitcoins o almost 12 Us$

That can't be true. VENEZUELAN BOLIVAR exchange rate at the time when this post was made was 100 VEF to $15.74.The bill shown in this picture must be 1,000,000 VEF which was equal to $157,4 at that time
http://www.exchange-rates.org/Rate/VEF/USD/8-11-2015

[hasiramasenju]

This is why Venezuela will be the first country to adopt a virtual currency.

 0.037 Bitcoins o almost 12 Us$

It loos like a lot of money, but is the equivalent to half of the monthly minimum wage

i guess that's will really heavy if you carry by yourself and will not fit save into your wallet and i can't imagine if someone else have 10 bitcoin on venezuela i thought he will carry his money into his truck

[GamingBro]

It's like Belarus money a huge amount of paper but it worth so less. I think people should rework this cause it's not even comfortable to pay with this.

[Amph]

now that they arrested two guys there that were mining bitcoin, you can not even think that their government will adopt bitcoin i the future, so it will remain a poor country with a dictatorial regime