29 December 2017 10:38 ص
[rtl] Venezuela plans to launch its electronic currency within days to meet US financial sanctions and economic downturn.[/rtl]
Information technology minister George Rodriguez told a news conference on Thursday that it was "a matter of days" before the first petro currency issue was announced, according to the Bolmberg agency.
Earlier this month, Venezuelan President Nicolas Maduro said his country would issue an electroniccurrency backed by its gas, oil and diamond reserves, and Petro claims.
Rodriguez added that the new electronic currency will be different from "pictuen" and other electronic currencies "because it will be supported by a category of real assets."
The Venezuelan president said this week that Venezuela's oil reserves of 5 million barrels will be used in financial support for the currency "Petro".
Venezuela is currently seeking to restructure its $ 60 billion debt, and last month introduced a new currency worth 100,000 Bolivars.