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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Venezuela plans to launch electronic currency backed by oil and gold

    Rocky
    Rocky
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    electronic - Venezuela plans to launch electronic currency backed by oil and gold Empty Venezuela plans to launch electronic currency backed by oil and gold

    Post by Rocky Mon 04 Dec 2017, 6:52 am

    Venezuela plans to launch electronic currency backed by oil and gold
    electronic - Venezuela plans to launch electronic currency backed by oil and gold 640
    The new electronic currency called "Petro" 04 December 2017 01:53 PM
    Venezuela has decided to issue an electronic currency in an effort to overcome the effects of financial sanctions imposed by the United States.
    Venezuelan President Nicolas Maduro said in a televised address on Sunday that his country would issue an electronic currency backed by its reserves of gas, oil and diamonds, and Petro claims, quoting Reuters.
    Maduro added that the electronic currency would help his country to advance on its sovereign financial policy issues to be able to carry out financial transactions and overcome the financial blockade.
    "Venezuela is facing a global financial war," he said.
    Venezuela is currently seeking to restructure its debt estimated at 60 billion dollars, and introduced last month a new currency worth 100 thousand Bolivar.
    The IMF forecast inflation in Venezuela would reach 2300 percent next year, with the country's economic crisis and the collapse of the local currency.

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