Why does Venezuela issue 65438+ billion virtual currency?

20 17 February, 17, Venezuelan president Maduro announced that he would issue a virtual currency called "Petrocoin", which was the first encrypted digital currency supported by natural reserves, and attracted a lot of attention at that time. He announced more news about this virtual currency at the government work conference on 0/0/5/0, local time.

Maduro said that in the first phase, 6,543.8 billion petroleum coins will be issued, each worth the equivalent of a barrel of oil. It is said that 90,000 Venezuelan "miners" are ready at present, and Maduro also hopes to meet some representatives at 14 and announce more details about "petroleum coins".

Maduro believes that this kind of digital currency will help Venezuela tide over the current economic difficulties, break the financial blockade of the United States, and welcome investors from all over the world to invest in "Petrocoin".