Newslink: Venezuela unveils virtual currency amid economic crisis
Venezuelan President Nicolas Maduro has announced the creation of a new virtual currency in a bid to ease the country's economic crisis.
He said the Petro would be backed by Venezuela's oil, gas, gold and diamond wealth.
Opposition MPs, however, poured scorn on the plan.
Venezuela's economy has been hit by falling oil revenue and the plummeting value of its existing currency, the bolivar.
President Maduro has also railed against US sanctions which he describes as a "blockade".
http://www.bbc.com/news/world-latin-america-42217798
Venezuela have the most important resources in the globe.
Maduro is pillaging the treasury at the expense of the Venezuelan people. The US is producing massive amounts of energy at lower costs. It is over for the oil industry in Venezuela.
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