Venezuela scraps state cryptocurrency - Foreign Brief

Retrieved on: 2024-01-15 00:35:53

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Decentralization

Crisis in Venezuela

Petro

Economic history of Venezuela

Venezuelan Bolivar Soberano

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Summary

The article outlines the Venezuelan government's decision to scrap the Petro cryptocurrency, introduced to mitigate inflation and circumvent US sanctions, due to its failure and corruption issues, returning to the Venezuelan bolívar and aiming for greater economic stability.

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