Against the backdrop of a major success with the crypto currency Petro Venezuela intends to release another crypto currency in the coming week. It will be called Petro Gold, said Venezuelan President Nicolae Maduro, speaking to the people on Wednesday, February 21. The new crypto currency will be provided not with oil, but with gold.

Just a few days ago, Venezuela released el Petro cryptonyms at a price of about $ 60 per unit. Already the first day of sales brought the treasury 735 million dollars.

In Venezuela, for many years, the struggle for power between Maduro and the opposition continues, which accuses the president of establishing a dictatorship, the collapse of the country's economy and corruption.

To punish Caracas for persecuting the opposition, the US imposed sanctions against Venezuela, which only exacerbated the economic crisis in this country, sharply exacerbated due to the fall in world oil prices. According to the estimates of the International Monetary Fund (IMF), Venezuela's GDP fell by 12 percent in 2017, inflation exceeded 4,000 percent.

The Venezuelan authorities hope that the release of its own crypto currency will restore the country's economy and break through the financial blockade imposed by the United States.