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goodwill wholesale lot jewelry Venezuela President Madro said on the 27th local time that Venezuela is about to issue an encrypted digital currency "petroleum coin" based on oil resources in the country, and the value of each "oil coin" is equivalent to a barrel of crude oil.
The earlier this month, Maduro said that Venezuela will issue crypto digital currencies based on the country's oil, natural gas, gold, diamonds and other resource reserves, and named it "Petroleum Coin". This currency will be used for international payment and become a new way for Venezuela to financing internationally.
Event review:
2014 The national petroleum prices plunged from $ 111/barrel to $ 27/barrel. Venezuela, with oil as the pillar industry, fell into a state of economic collapse. From 2012 to 2016, Venezuela's per capita oil exports fell $ 2,200, of which 1,500 US dollars were caused by the decline in oil prices.
It subsequent currency depreciation, waste banknote, and constitutional amendments made Venezuela at danger. Even more severe, due to economic shrinking and lack of management of national petroleum companies, Venezuela's crude oil output has dropped to the lowest level in nearly 30 years. Sanctions from the United States have worsened Venezuela. In August this year, the United States imposed a new round of financial sanctions on Venezuela. Trump signed an administrative order on August 25, including prohibiting parties from participating in the Venezuelan government and the release of new bonds and securities on the Venezuelan government and the State Petroleum Corporation. rn石油币计划来源：rn3个月前，美国总统特朗普重启对委内瑞拉的严厉经济制裁，而内部基础设施投资的缺乏，使得该国的原油产能日益萎缩，国家财政和The exchange rate level is becoming more and more unsustainable. At the time, Maduro announced that the official exchange rate mechanism will abandon the "DICOM" system linked to the US dollar and use a basket of currencies such as RMB. However, such a major reform did not block the pace of the collapse of Venezuela's Bolovar Bolivar against the US dollar exchange rate. In the last month alone, the exchange rate of Bolivar against the US dollar depreciated nearly 57%on the black market, and the minimum salary level at its currency pricing was also dived. At present, the minimum monthly salary of the locals is only equivalent to $ 4.3.
The root cause of the Venezuela economic crisis lies in the deformed development of the country's economy, especially the development of manufacturing. From this perspective, a new round of reform has not touched the problem of industrial structure malformations, and it is still "cure" rather than "cure".
wholesale jewelry supplies tampa florida Venezuela President Maduro said Venezuela is about to issue cryptocurrencies "Petro" based on oil resources in the country.
"In order to cope with the financial sanctions of the United States, Venezuelan President Nicolas Maro turned his attention to the digital currency world. He announced on Sunday that the digital currency" Petro) with oil reserves as the oil reserves was announced on Sunday ", To support the collapse of Venezuela's frequent collapse." President of President Nicolas Maro said: "Plan" plan to bring the country's Olino heavy oil with Aiankcho block 1 oil field 1 oil field As a material basis for issuing petroleum coins (Petro). In the future, the gold resources of the Arco Minero mine will also be included in the material basis for PETRO. "The oil field of the oil field exceeds 5 billion barrels. President Venezuela stated that he demanded establishing a number of "mines" for excavating cryptocurrencies in the country, but did not disclose more technical details and official release time about "Petro".
Pretram President Maduro stated in early December that Venezuela will issue crypto digital currencies based on the country's oil, natural gas, gold, diamonds and other resource reserves, and named it "Petroleum Coin". This currency will be used for international payment and become a new way for Venezuela to financing internationally.
Lunresses assign a value for cryptocurrency "petroleum coins", and each "petroleum coin" is equivalent to a barrel of crude oil.
This summary: There is a high risk of leverage products, and investment needs to be cautious!
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The Xinhua News Agency, Galagas, December 27th (Reporter Xu Yan Wang Ying) Venezuela President Madro said on the 27th that Venezuela is about to issue encrypted digital currencies based on oil resources in the country "Petroleum coin", each "petroleum coin" value is equivalent to a barrel of crude oil.
not only that, Maduro also announced that it will prepare 5 billion barrels of oil for petroleum coins as the material basis for issuing currency. In the future, the market value of petroleum coins is likely to surpass Bitcoin and replace it into the world's highest market value and the hottest virtual currency.
It Venezuela's positioning is: for international payment, which has become a new way for international financing in the country. (One Niu Caiye mentioned earlier that because of the US economic sanctions, Venezuela's international financing became more and more difficult!) In addition, Maduro said on the same day that Venezuela will bring its Olino heavy oil to the Aiankcho block 1 oil field No. 1 oil field 1 Petroleum reserves (more than 5 billion barrels) support petroleum coins as the material foundation of "petroleum coins". According to foreign media reports, the Venezuelan government has established institutions composed of experts in science and technology, economy, and law, which is responsible for the advancement of the "petroleum coin" project.
What is Bitcoin
Bitcoin (Bitcoin: Bitkin) is the earliest network virtual currency, which can buy reality. Items in life. It is characterized by decentralization, anonymous, can only be used in the digital world, does not belong to any country and financial institutions, and is not limited by regions. Essence In 2013, the US government acknowledged the legitimate status of Bitcoin, making Bitcoin prices rise sharply. In China, on November 19, 2013, a Bitcoin was equivalent to 6,989 yuan.
Summary: time will give you answer
wholesale sterling silver jewelry settings china Maduro announced in a television speech that day that the country's Olino Heavy Oil Oil with Aiankcho Block 1 Oilfield No. 1 oil field was used as a material basis for issuing "petroleum coins". The oil field has more than 5 billion barrels of oil.
Madro said that the gold resources of specific blocks will be included in the future as a material basis for "petroleum coins". He demanded that a number of "mine" for excavating cryptocurrencies in the country, but did not disclose more technical details about "petroleum coins" and officially issued time.
The earlier this month, Maduro said that Venezuela will issue crypto digital currencies based on the country's oil, natural gas, gold, diamonds and other resource reserves, and named it "Petroleum Coin". This currency will be used for international payment and become a new way for Venezuela to financing internationally. It is reported that the committee and government have established institutions composed of experts in science and technology, economy, and law, which is responsible for the advancement of the "petroleum coin" project.
The Venezuela President Madro said on the 27th that Venezuela is about to issue an encrypted digital currency "petroleum coin" based on the country's oil resources, each "oil coin", each "oil coin" Coin "value is equivalent to a barrel of crude oil.
Madro said that the gold resources of specific blocks will be included in the future as the material basis for "petroleum coins". He demanded that a number of "mine" for excavating cryptocurrencies in the country, but did not disclose more technical details about "petroleum coins" and officially issued time. In fact, as early as earlier this month, to avoid the US -led financial sanctions, Venezuelan President Madro announced that it would launch an official cryptocurrency "Petro" supported by oil reserve to support the country's endangered economy. Maduro said in his speech: "Venezuela will create a cryptocurrency," supporting oil, natural gas, gold and diamond reserves. He said that this cryptocurrency called "Petro" will help Venezuela "make progress on the issue of monetary sovereignty, conduct financial transactions, and overcome financial blockade."
Summary The statement disdain, saying that it needs to be approved by Congress, and whether the digital currency is feasible in the current turbulent situation of Venezuela. Venezuela is currently high -inflation and lacks basic necessities such as food and drugs.