Latin American Economy & Business - March 2018 (ISSN 1741-7430)

Venezuela: Introducing the crypto-petro fantasy

Regional Economy Review by LatinNews 09 March 2018 Modified: 19 March 2018 2689 views

If President Nicolás Maduro is to be believed, his embattled government has just pulled off a master-stroke by launching the Petro, a crypto currency, which in a couple of days attracted over US$1bn worth of investments and placed the country in the technological vanguard of the 21st century. Unsurprisingly, not everyone sees it that way.

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