Central Bank of Venezuela to Receive $1 Billion from Petro Sale

Nick Omo · April 27, 2018 · 3:00 pm The Central Bank of Venezuela will receive $1 billion from the proceeds of the Petro sale.  Petro Sale Exceeds $3 Billion President Nicolas Maduro made the announcement in a statement to reporters on April 26, 2018. The money is being earmarked for foreign exchange auctions as […]

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Venezuela’s Petro Now Purchasable with Foreign Fiat

Adam James · March 25, 2018 · 4:45 am Last month, Venezuela became the first country to issue its own cryptocurrency with the launch of the purportedly oil-backed Petro. Now, the digital currency is available for purchase with a variety of fiat currencies — just not the dollar. Petro for Fiat Venezuelan citizens, companies, and […]

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