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Venezuela’s Currency Devalued By 96% as Maduro Announces New Crypto-Pegged Forex Rate
On Friday, Venezuelan President Nicolas Maduro announced a new single exchange rate for the bolivar that’s pegged to the Petro virtual currency. Under the new guidelines, one Petro would equal $60 dollars, which means the nation’s currency is essentially devalued by 96 percent. дальше »
2018-8-19 15:00 | |
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Panic in Venezuela as Maduro Launches New Money
Crypto public spaces have seen an uptick of Venezuelans posting today following a surprise announcement by Nicolas Maduro that the minimum wage is to increase from $1 to $30. That has... The post Panic in Venezuela as Maduro Launches New Money appeared first on Trustnodes. дальше »
2018-8-19 13:53 | |
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Venezuelans to Be Paid at Least Half a Petro a Month
Announcing a 60-fold increase of the minimum monthly salary, President Maduro promised Venezuelans they will be paid at least 0. 5 petro, once his monetary reforms are in place next week. The national crypto will be exchanged at a rate of $60 USD and the new “sovereign bolivar” will be pegged to the digital coin. дальше »
2018-8-19 05:25 | |
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Venezuela Nationalizes Petro, Will Introduce Crypto-Based Salary System for Workers
Venezuelan President Nicolas Maduro recently revealed that the nation’s oil-backed cryptocurrency, the petro, will be used as a unit of account by the state oil company PDVSA. дальше »
2018-8-16 00:26 | |
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Venezuela to Have Two Units of Account – Petro and Petro-Pegged Bolivar
President Maduro’s Venezuela is preparing to effectively adopt next week two official units of account – the nation’s crypto, El Petro, and the new petro-pegged bolivar that will replace the inflated national fiat. дальше »
2018-8-15 19:55 | |
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Bolivar ‘Anchored’ to the Petro to Be Issued in August, Maduro Says
A new Venezuelan fiat currency, ‘anchored’ to the nation’s crypto, the Petro, is expected to start circulating in the second half of August. The news was announced by president Maduro himself, along with other measures intended to improve the economic situation in the country. дальше »
2018-7-26 20:45 | |
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Venezuela To Have a New Fiat Currency Anchored To Cryptocurrency Petro
A few hours ago, the president of Venezuela, Nicolas Maduro Moros, made a television announcement to the country in which he revealed new economic policies framed in what he described as a comprehensive plan to restore the country’s financial stability. дальше »
2018-7-26 19:06 | |
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