Venezuela launches its own crypto currency

20 February 2018, 13:35 | Economy
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In his post, Maduro said that currency circulation began at midnight on February 20 local time (07:00 MSK). In addition, it is planned to issue about 100 million units of this crypto currency.

At the same time, the symbol of the currency was a symbol similar to the designation of the sign of the Russian ruble. And as you know, the image looks like a horizontally crossed letter P.

The cost of El Petro is set at the level of the approximate price per barrel of Venezuelan oil as of mid-January 2018. However, it is assumed that this parameter will vary depending on fluctuations in oil prices.

Recall, as previously reported, "URA-Inform", the world's largest Israeli diamond exchange wants to issue its own crypto currency, which will be provided with diamonds.




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