Venezuela hyper inflation, people is contended for buy bit money to avoid danger

While Venezuela hyper inflation is rampant, bit money trades the quantity is achieved ceaselessly every week new tall. Meanwhile, concerned branch the subterranean industry that cudgel one's brains for ponders over how to control this to develop flourishingly, include to adopt blow to add close money to dig the method of the entrance of mine equipment.

Venezuela hyper inflation, people is contended for buy bit money to avoid danger

Oil is abundant, but capital is in short supply

This year Feburary, venezuela takes the lead in rolling out a kind to be called " oil money " (the fictitious money that the country of Petro) distributes, be opposite with avoid international society Nicholas? Maduluo (the punish of Nicolas Maduro) political power, this message holds world news head for a time.

Nevertheless, because accusation says the government is concealing these data, the diaphaneity that should add close money especially is 0, "Oil money " sale data gets for a time assail. A lot of people believe oil money far from, because socialistic policy of failure and capital are controlled,had brought about made of baked clay Er of Venezuela Bo benefit (Monetary Unit of Venezuelan Bolivar Venezuela) produced hyper inflation.

Venezuela hyper inflation, people is contended for buy bit money to avoid danger

International Monetary Fund (The International Monetary Fund) estimation, the inflation this year leads Venezuela to exceed 13000% possibly. This country great majority citizen is deep-set and beggarly in, be forced to cost millions Bo benefit to cover with tiles Er money buys pink of biscuit knead dough to wait for staple food, can look at prices helplessly to continue to rise quickly only at the same time. The university with main Venezuela estimates this country the impoverished population that the population of 87% belongs to official statistic.

The government had adopted all sorts of methods to cope with hyper inflation. This city sells allowance food in a few poorer community, but the price of a lot of commodity is write down dollar calculative according to black mark, and most citizen does not have this kind of dollar.

Maduluo's president (President Maduro) announced on June 20, to help a countryman, minimum wage will increase to 3 times, reach every months of 1.14 dollars, but critical personage says, the growth of salary covers with tiles with Bo benefit Er devalues rarely extent keeps consistent.

As national currency devalue considerably, close to adding money produced more and more citizens interest. Governmental official is at the beginning of June express, plan of reform of currency of this home products already was laid aside to come on August 4, accordingly, the countryman is in a few weeks of this countries recently the easy quantity of LocalBitcoins considerably violent wind rises.

A few people think, people is mixed to bit money other add close money to be interested more and more, because people is searching some kind of value that can replace to store all the time,be method. An user of Reddit points out, hyper inflation means this country to buy the person of bit money with the historical maximum price of 20 thousand dollar, will still cover with tiles than hold Bo benefit the person of Er money passes weller.

A few already carried out in this country with the item that adds close money to concern. According to the report, magelida island (Margarita Island) the people that go up is studying what call PerlaCoin one kind to add close money, and oil money just was started before long, station of observation of catenary of an area piece is in this country was opened.

Dozen pressure add close money?

The electric power with this cheap country makes bit money digs mine cost to resemble such country of the United States and China be in than be in a lot of lower, but some people think governmental official is trying to find out how many person is being participated in add close money and mining, the collier that data of special dispute government shows to the whole nation has 2% only undertook registered in authorities.

At the beginning of May, report of Noticiero Digital of Venezuela news media says, the government is carrying out to prohibit buying the computer, ban that shows the article such as card, dynamo, processor, mobile phone and other electron equipment. The government represents this state, they can prohibit importing add equipment of close money mining.

Because do not decide the specific limits of the ban, businessmen are right water of this one mist. A handler tells Noticiero Digital, because he does not decide what is truly forbidden, he must will marine and airborne stop.

News media points out, the other information of concerned ban is very few, custom officer just executes an order in border land port, at least current condition is such.

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