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A sunny place for a shady currency.
- Source :
-
Economist . 3/17/2018, Vol. 426 Issue 9083, p36-37. 2p. 1 Color Photograph. - Publication Year :
- 2018
-
Abstract
- The article comments on Venezuela's plans to issue a sovereign cryptocurrency supported by petroleum, called the petro. Topics discussed include the view that the petro will help address the hyperinflation in the country, Venezuela's possible use of the petro to evade sanctions from the U.S. and raise money, and the U.S. Treasury's warning to investors that buying petros with dollar could violate its sanctions.
Details
- Language :
- English
- ISSN :
- 00130613
- Volume :
- 426
- Issue :
- 9083
- Database :
- Academic Search Index
- Journal :
- Economist
- Publication Type :
- Periodical
- Accession number :
- 128580517