Newsletter 7

Page 1

Vol. 4: Issue 7, 21st February, 2018

Bolivarian Government of Venezuela

Ministry of People’s Power for Foreign Affairs

Embassy of the Bolivarian Republic of Venezuela

Newsletter Weekly

What’s inside

Venezuela’s Crypto-currency for the World:

‘Presale of PETRO begins’

Venezuela’s Crypto-currency for the World: ‘Presale of PETRO begins’ Oil prices rising from tense Middle East, strong Asian Markets -Elections in Venezuela to be held with or without opposition candidate Nigeria breaks commercial blockade and signs agreements with Venezuela. -UN regrets there was no political agreement World Welcomes Chinese Year of the Dog in Lunar Extravaganza 13 feared dead after helicopter crash in Mexico -22 killed in suicide bombing in Nigerian market -Plane crashes in central Iran, all 65 people on board feared dead Threats of Militarization and Oil Gambia celebrates 53 years of Independence

Inside Africa:

Protecting Cassava From Disease? There's an App for That

Venezuelan Cryptocurrency, the PETRO, begins to circulate along with a set of economic measures made by President Nicolas Maduro. A first presale phase for the PETRO was released by Venezuela seeking to break the dependence of its foreign commerce with the dollar. The Minister of Information, Jorge Rodriguez, admitted that President Maduro will make important economic announcements. The PETRO is the first Cryptocurrency in the world with the backup of more than 5.3 billion barrels of oil. According to the Venezuelan government each PETRO will be emitted with a value equivalent to one barrel of oil. President Maduro, announced last week that in the first phase 38. 4% of all PETRO’s in circulation will be released. According to the experts’ estimates, the percentage on sale will be equivalent to more than $ 2.3 billion. It is estimated that another 44% of PETRO’s to be emitted by Venezuela with a nominal value of $2.7 billion will be offered to the public later. According to cryptocurrency Superintendent Carlos Vargas, Venezuela expects to attract investors from Qatar, Turkey as well as countries in the Middle East, Europe and the United States. source: chavez vive 1


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