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Venezuela is located at the center of one of the main financial tragedies of current history. The slow growth of 3000% in 2018, the lack of food and food, and the political-party chaos has made the nation into a dangerous state. In the midst of this disaster, the regulator announced its new encryption exchange exchange, the petro, as a digital alternative to their now almost valueless body currency, the bolívar. Cryptographic values have typically been unstable in 2018, so the idea that petro can make a better economic crisis rooted in Bolivar's instability does not seem plausible.
On January 14, President Nicolas Maduro presented a new monetary system that included another increase in the country's cryptocurrency and a minimum wage advance in an attempt to fight the criminal dollar. While the country remains to fight with the world's highest increase to more than millions from the South American nation's front-runner, it has declared that the move will protect the national bolivar.
"I want us to create a great alliance to produce and create new investment and financing formulas," said Maduro to the Constituent in a video broadcast by local media. President Maduro said he would raise the minimum wage to almost 18,000 Bolivars a month, about $ 6.70, and increase the quadruple quadruple's value. His innovative financial method will be built on the petro and he said that it will also alleviate the budget of the countries with its new methods.
It is indeterminate what (if it exists) uses the petro for those who take risks at a distance. Petro's whitepaper limits its use to the Venezuelan people for taxes, fees and public services. Even if the oil tanker's charges are linked to the price of oil, one can not dismiss the exchange with a petro for an oil pan. Taking advantage of the clamor of the speculator who stocked the blockchain as a word of order, the Venezuelan administration managed to avoid authorizations by accumulating foreign currency without fixing the fundamental economic volatility of its country.
One of the directors of Ecoanalitica, Asdrubal Oliveros, which is a financial investigation association based in Caracas, has informed news.Bitcoin.com: "There is no intention to rectify the direction of the economy so that it continues its deterioration in 2019. " Somewhere else, the leader of disapproval, Juan Guaido, said: "Today, Nicolas Maduro makes fun of the Venezuelan people, once again, after taking economic measures that bleed more in the Venezuelan pocket," adding: The Venezuelan economy does not improve with an increase in wages.
