NEWS Venezuela plans to create a cryptocurrency Central Bank - page 7.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: alexeycmexa on August 16, 2018, 11:44:34 AM

On Monday, the country's President Nicolas Maduro (Nicolás Maduro) said that the country will begin to operate a new system of wages and prices, also tied to Petro.

A new system of wages and prices....much wow.
We had the Bolivar which was a reflection of the Venezuelan economy and backed mostly by oil and now we have this petro which is totally backed by oil and another currency, the Sovereign Bolivar that will be pegged to the petro.

Now, I don't see any reason why since the first thing in this chain is worthless the other two won't be just as worthless.

This whole smoke show will just benefit Maduro and his cronies helping them stash some more millions away like Chavez did and the people in Venezuela will wonder why the sovereign bolivar who is supposed to be 1000x move valuable buys them just a single loaf of bread like the normal bolivar.

blueteam09

full member

Activity: 664

Merit: 100

📱 CARTESI 📱 INFRASTRUCTURE FOR SCA

Quote from: alexeycmexa on August 16, 2018, 11:44:34 AM

The national Assembly of Venezuela is preparing a reform of the country's Constitution, which provides for the creation of a crypto-currency Central Bank. It will be “the Central Bank" with its functions in exchange, monetary and financial policy, and the Central Bank will be involved. In Venezuela, from August 20, a new denominated currency will enter into circulation — the Sovereign Bolivar (Bolivar Soberano), tied to the national crypto currency Petro. On Monday, the country's President Nicolas Maduro (Nicolás Maduro) said that the country will begin to operate a new system of wages and prices, also tied to Petro.

Venezuela is in great debt, making the country's economy so badly inflationary. Venezuela establishes cryptocurrency bank will change the current of the country? They need to take better measures instead of releasing their own Crypto.

alexeycmexa

newbie

Activity: 84

Merit: 0

The national Assembly of Venezuela is preparing a reform of the country's Constitution, which provides for the creation of a crypto-currency Central Bank. It will be “the Central Bank" with its functions in exchange, monetary and financial policy, and the Central Bank will be involved. In Venezuela, from August 20, a new denominated currency will enter into circulation — the Sovereign Bolivar (Bolivar Soberano), tied to the national crypto currency Petro. On Monday, the country's President Nicolas Maduro (Nicolás Maduro) said that the country will begin to operate a new system of wages and prices, also tied to Petro.

Topic: NEWS Venezuela plans to create a cryptocurrency Central Bank - page 7. (Read 2169 times)