The Petro would be backed by Venezuela’s oil, gas, gold and diamond wealth.
Good luck with that.
In other news,
#Venezuela's annual inflation rate is 2287.84%. pic.twitter.com/YZTE9fksqV
— Prof. Steve Hanke (@steve_hanke) December 4, 2017
American and Latin American Politics, Society, and Culture
I read this morning that Venezuela does not ever have enough fuel to keep the airplanes flying.
Name the new currency the Chavez and back it up with Marxist bullshit, which is what Venezuela has the most of right now.
Red & OT,
It’s a money laundering tool, IMO