Venezuela will start paying benefits in petro cryptocurrencyAccording to the country's President Nicolas Maduro, in this way the authorities plan to protect the real value of social benefits in the context of hyperinflation. The Venezuelan government will switch to the payment of social benefits in its own petro cryptocurrency, said President Nicolas Maduro. This decision is aimed at combating hyperinflation, which in 2020, according to the Central Bank, amounted to 2,959.8% in the country.
“Today I accepted a proposal that will serve financial and economic stability -“ petrolize ”social payments to employees of a centralized, decentralized state administration and the public sector,” Maduro said during a speech on state television on the occasion of International Workers Day.
#venezuela #petro
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