Venezula Money

Salazar, a cousin of Ramirez’s who also formerly worked at PDVSA and has been arrested for alleged corruption and money laundering. Saab said. The Venezuelan AG’s office found that document in a safe-deposit box during a.

Nov 18, 2017  · Stay on top of Venezuela’s biggest stories by Al Jazeera.

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CARACAS, Venezuela — The polls had been open for several hours.

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.

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Venezuela is creating a digital currency to combat a financial blockade by the United States, President Nicolas Maduro announced Sunday. It will be called the Petro and be backed up by Venezuela’s reserves of oil and gas and its gold.

Maduro also declared fixing Venezuela’s broken economy a priority. But.

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But some high-profile figures in finance and economics have warned of a potential bubble. What’s also breathtaking is the collapse of Venezuela’s currency this year. It took about 3,100 bolivars to buy one U.S. dollar at the beginning of the.

It’s easy to see why digital currencies might appear attractive to politically divided and economically strained nations like Venezuela. If every Venezuelan had invested his or her gross 2009 income of $11,500 into bitcoin, the investment.

He gave no details in his TV address about what the new currency’s value will be, how it will work or when it will be launched. Venezuela’s traditional currency, the strong bolivar, has accelerated its free-fall in recent weeks as U.S.

I agree with this post completely! I used to work in cancer research. The wastefulness and disregard of donor dollars and the constant campaigning for more money was.

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The decline of Venezuela’s economy began with the energy crisis of the 1970s.

AIZAR RALDES/AFP/Getty Images Venezuelan President Nicolas Maduro announced the launch of a cryptocurrency called the “petro” backed by oil reserves. Few specifics were given about the currency launch or how the struggling.

Nov 18, 2017  · Stay on top of Venezuela’s biggest stories by Al Jazeera.

32 countries have experienced hyperinflation in the last 100 years of which 21 have experienced it in the past 25 yrs & 3 in the past 10 years.

(Reuters) – Venezuela’s money supply rose a whopping 14 percent in just one week last month, its steepest rise since records began in 1940, according to central bank figures released Friday. The increase is fueling the world’s highest.

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President Nicolas Maduro announced on Sunday that Venezuela would create a digital currency to combat a financial blockade by the United States (US). It will be called “Petro” and be backed up by Venezuela’s reserves of oil and gas.

The way Venezuela has mismanaged its currency is one of the best advertisements for digital currencies that seek to replace fiat money issued by governments. A prudent citizen of that country would have protected his wealth better by.

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Caracas (AFP) – Venezuela is creating a digital currency to combat a financial blockade by the United States, President Nicolas Maduro announced Sunday. The Petro will be backed by Venezuela’s oil and gas reserves and its gold and.

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