Venezuela Ties Own Currency into Sanctioned Petro as Maduro Talks of’Great Hope’

Venezuela will eliminate five zeros from the ailing currency, the bolivar, and then peg it to its contentious Petro cryptocurrency, President Nicolas Maduro said in a public broadcast July 26. Maduro: Bolivar Will ‘Anchor Petro’ The Bolivar, that had gotten so significant that online gaming tokens such as World of Warcraft silver were a more stable store of value, is worth just $0.0000083. “The economic re-conversion will start on August 20 liberally with the circulation and
Read More
The post Venezuela Ties Own Currency to Sanctioned Petro as Maduro Talks of ‘Great Hope’ appeared on […]

Leave a comment