- Basic informations
Emission of Petro Coin has begun in February 2018 y. In the assumption 1Petro Coin = 1 barrel of Venezuela's oil.
1 barrel ~~ 76 USD
- The value is about 5.9 billion dollars.
- 100 million units of cryptocurrencies
2. Connections with Russia
It is said that the emission and the logistic preparation is being led by Russian government....
I won't say any about that aspect, many of specialists say that the new currency will only secure the Venezuela's government.
In my opinion the most important aspect based on helping citizens of Venezuela by fixing the economic situation.
Maybe stop making bitcoin illegal, that would help citizens of Venezuela.
Their government failed, another currency made by government will not help them at all.
I suppose that the crypto which they have already introduced could fix the eco situation a bit.
Maybe I'm too gullible, who knows.