sovereign bolivar venezuela

Venezuela’s President Gives Further Push to Petro Ordering Banks Adopt the New Crypto
August 29th, 2018

Venezuelan President Nicolas Maduro ordered banks to adopt the Petro, the Maduro government-launched cryptocurrency, as a unit of account and use this cryptocurrency in all financial reports.

Venezuela’s Central Bank Launches App to Help Convert Old Bolivar into Petro-Pegged One
August 27th, 2018

The new app launched by Venezuela’s central bank will convert the old fiat currency Bolivar to new Petro pegged Bolivar Soberano by takes five zeros away from the Bolivar.