venezuela petro

Report: Venezuela State Oversteps All the Limits as Pensioners are Now Forced to Use Petro
December 13th, 2018

Now elderly people in Venezuela will get their monthly pensions in the Petro, despite the fact that it still can’t be used.

Venezuela Sidesteps USD to Use Petro Token for Oil Sales Starting from 2019
December 10th, 2018

In 2019, Venezuela will start selling oil in exchange for Petros and bypass US-imposed sanctions.

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.

Venezuela is Set to Use its Controversial Petro Cryptocurrency as an Official Accounting Unit
August 15th, 2018

Petro cryptocurrency is to receive an official status of the Venezuelan second official currency, which is believed to be a tool for overcoming economic difficulties.

One Day After Petro Went Live, Venezuela Introduces New ‘Petro Gold’ Token
February 23rd, 2018

After launching Petro, Venezuela’s President announced new ‘Petro Gold’ cryptocurrency. He considers it a means of combating the U.S. sanctions, while the U.S. warns about risks for investors.

The First Day of Venezuela‘s ‘Petro’ Token Sale Boasts $735M Raised
February 21st, 2018

Venezuela President Nicolas Maduro makes boisterous claims of raising $750 million in just a few hours, without backing it with sufficient evidence.

Venezuela Officially Launches the Pre-Sale of Its Oil-backed ‘Petro’ Token
February 20th, 2018

The new cryptocurrency has faced lots of resistance but finally made its way through – the 82.4 million tokens are already available.

Venezuela’s Congress Declares Nicolas Maduro’s ‘Petro’ Cryptocurrency Illegal
January 10th, 2018

The oil-based digital currency fails before launching: it is claimed to violate the Constitution of the country.

Venezuela to Launch Oil-Backed Cryptocurrency ‘Petro’ to Combat U.S. Financial ‘Blockade’
December 4th, 2017

To counter the U.S. led financial sanctions and the collapse of its own currency ‘bolivar’, Venezuelan President Nicolas Maduro has announced the launch of its new state-owned cryptocurrency ‘Petro’.