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753 million dollars Raised in First Sale of petro

2018-02-21 08:40 am | Resource: News Section | No Views : 345

753 million dollars Raised in First Sale of petro Venezuelan President Nicolas Maduro said Petro's digital currency had earned $ 753 million on its first day, the initial result of currency purchases.
Maduro said on Tuesday in his blog on Twitter that he did not provide any evidence to support the allegation, even though the messages came directly from his official account.
Maduro's entry for Petro
The currency came in response to the financial sanctions imposed on Venezuela, which is currently facing a severe shortage of financial resources, and announced the Venezuelan President of his intention to establish a digital currency for his country last December.
The currency supports one barrel of oil and is linked to the market price from the previous day.
Critics, including some from Congress, controlled by the Venezuelan opposition, have attacked the idea, because it is merely a circumvention of US financial sanctions, saying it is a miserable step to secure cash.

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