Yes, foreign currencies help a lot here. The cryptocurrencies even more.
The president here wants to make a scam by creating a cryptocurrency called "Petro"
The petro is illegal, the petro is based on oil reserves of a country that every day produces less oil. The petro additionally is not a cryptocurrency, the petro is a debt title of a government in need of resources and what it is doing is practically one of its last efforts to try to make foreign currency. The Maduro regime agreed to the creation of the petro as part of a plan to avoid the effects of international sanctions; however, it is just another violation of the Constitution of Venezuela
Yes, foreign currencies help a lot here. The cryptocurrencies even more.
The president here wants to make a scam by creating a cryptocurrency called "Petro"
The petro is illegal, the petro is based on oil reserves of a country that every day produces less oil. The petro additionally is not a cryptocurrency, the petro is a debt title of a government in need of resources and what it is doing is practically one of its last efforts to try to make foreign currency. The Maduro regime agreed to the creation of the petro as part of a plan to avoid the effects of international sanctions; however, it is just another violation of the Constitution of Venezuela