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RE: What is happening and what will happen in Venezuela.
This is the problem with all fiat currencies. The government...any government can dictate it's value with just one statement.
The Petro may be the answer. I don't know as I haven't looked at the white paper...yet.
Good luck and keep posting.
The petro does not exist and how are we going to anchor the Bolivar to the petro if the petro holds the Bolivar? Greetings, thanks for your comment!
I said that the Petro,
Having read this below I can see why there is a problem with the Petro
https://en.wikipedia.org/wiki/Petro_(cryptocurrency)
Petro (cryptocurrency)
The petro, or petromoneda, launched in February 2018, is a cryptocurrency developed by the government of Venezuela. Announced in December 2017, it is claimed to be backed by the country's oil and mineral reserves, and it is intended to supplement Venezuela's plummeting bolívar fuerte currency, purportedly as a means of circumventing U.S. sanctions and accessing international financing.