The Petro begins operations as sovereign digital currency this October 1st
From this Monday, October 1st, the Petro marks a milestone in the economic history of the world as it is the first digital currency promoted by a government as international exchange money, with which Venezuela enters a new stage of economic equilibrium and expansion of foreign investment.
The Venezuelan State will promote and encourage the use of Petro in order to position it as an investment option, savings mechanism and means of exchange with public services. As well as the sale of its commodities abroad, industry, commerce and citizenship in general
“The October first we launched the new stage of the Petro so that all Venezuela has access to Petro, for savings, investment, spending. The new stage starts to turn the Petro into an international scale power”, announced the President of the Republic Nicolás Maduro Moros on September 20, offering the country the balance of the first month of implementation of the Recovery, Growth and Economic Prosperity Plan.
With the start of international operations through the Petro, Venezuela opens its way to the commercial exchange of cryptoactives, facing the financial blockade by using it as a payment instrument for the acquisition of goods and services that will undoubtedly bring great benefits to the venezuelan people.
The Petro, a digital currency backed by our nation’s oil reserves, plays a fundamental role in the Recovery, Growth and Economic Prosperity Plan promoted by President Nicolás Maduro to achieve stability and defeat the economic war / Cryptoactives and Related activities National Superintendence’s Press