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Economy 1 min read Source: УРА-Информ

Venezuela plans to issue a second crypto currency

Venezuela plans to issue a second crypto currency
photo УРА-Информ

President of the Republic Nicholas Maduro announced the launch of another crypto currency already next week. It is noted that the name of the currency will not differ from the previous one - Petro Oro.

According to the leader of the country, the financial prices for Petro Oro will be the same as oil.

The government of the country expects that the use of new technology will help in overcoming the socio-economic crisis, accompanied by a rapid price increase and devaluation of the national currency.

As previously reported in Ura-Inform, the head of state of Venezuela, Nicholas Maduro, announced the launch of the implementation of its own crypto currency El Petro. 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.

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