Venezuela’s “Sovereign Bolivar” linked to Petro cryptocurrency circulates

Monetary measures announced by the Venezuelan government on state-backed television are in effect as the circulation of the Sovereign Bolivar begins around the country. The new currency, whose symbol is Bs.S., has five fewer zeros compared to the previous Bolivar, and it’s anchored to the Petro cryptocurrency, which is backed by the country’s oil reserves. The move was widely criticized by analysts and economists outside of the country.

Read the announcement

Related Posts

Previous Post
Singapore fund Nikko AM picks FactSet’s linear MAC risk model
Next Post
FINRA Fines Interactive Brokers $5.5 Million for Regulation SHO Violations and Supervisory Failures

Related Posts

Fill out this field
Fill out this field
Please enter a valid email address.


Reset password

Create an account