Venezuela is doubling down on its oil-backed cryptocurrency, the petro, after President Nicolas Maduro initiated sweeping economic reforms to bring the socialist state back from the brink of destruction. Sweeping Reforms The Central Bank of Venezuela has completed a large-scale devaluation of the Bolivar following years of hyperinflation. The currency re-basing knocks the Bolivar back […]
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The post After 95% Devaluation, Venezuela’s Bolivar Gets Pegged to the ‘Petro’ appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/after-95-devaluation-venezuelas-bolivar-gets-pegged-to-the-petro/
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