It will be called the Petro and be backed up by Venezuela's reserves of oil and gas and its gold and diamond holdings, the president said in his weekly television program.
Venezuela is creating a digital currency to combat a financial blockade by the United States, President Nicolas Maduro has announced.
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It will be called the Petro and be backed up by Venezuela's reserves of oil and gas and its gold and diamond holdings, the president said in his weekly television program.
"This is going to allow us to move toward new forms of international financing for the country's economic and social development," the president said yesterday.
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