Petro Price Raised by Venezuela’s President

Petro Price Raised by Venezuela's President

President of Venezuela, Nicolas Maduro announced regarding the increase of the country’s cryptocurrency against the national currency, Bolivars. The renowned economist based in Venezuela, Leonardo Buniak then commented, “When the president decrees that a petro is worth 9,000 Bs.s, what he is saying is that the petro is not a cryptocurrency but a debt title that is predetermined, [which] cannot be mined.”

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