The latest news from Venezuela coming out that it launched ana Android application to convert old Fiat currency into Petro backed currency ..jpeg)
It's reported that it has been downloaded 10,000 times during it's recent launching and getting a very good ratings above 4 according to reports .
Venezuelar leader Nicolas added that it devalued the Fiat currency by more then 90 percent ,so it's creating value to it.
Bolivar the Fiat currency is priced at 60 dollar at official exchange but sadly at black market it is available at less then 40 percent .
Later maduro is claiming that there is a possibility that it can be an alternative to Fiat currency soon so that's a positive news for it .
Data courtsey-https://www.ccn.com/venezuelas-central-bank-launches-android-app-to-convert-bolivars-to-petro-pegged-currency/
buen post, tienes mi voto, saludos!
thanks @mundovirtual and one more thing Venezuela government now instructing banks to adopt petro as their fiat virtual currency
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STOP@rosethiyada thanks for the upvote.
There are several errors in this article. First, the calculator allows us to calculate how many "bolívares soberanos" (VES) –new monetary unit– is equivalent to each "bolívares fuertes" (VEF) amount –old monetary unit–, since we have just experienced the third monetary reconversion of Chavismo. Second the app does not show amounts in petros. Third, the "bolívar soberano" does not equal 60 dollars. The socialist regime says that the petro is equivalent to the price of a barrel of oil, and the price of the "bolívar soberano" has been anchored to the petro.
You can check the facts I wrote 60 that is exact.. I didn't modulate it .