Maduro Wants an OPEC Cryptocurrency?

Venezuela is backing the Petro with around five billion barrels of oil, Al Jazeera reported. An ICO of 38.4 million Petros is scheduled for 20 February 2018. Since the OPEC basket price for oil was $64.83 a barrel on 8 February 2018 – the oil backing the Petro was worth around $324.15 billion on that day.

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Venezuela faces Hyperinflation and Cash Shortage at the Same Time

Venezuela is now facing one of the weirdest effects of hyperinflation – a serious shortage of cash.

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