Petro – Summaries of news and views OnVenezuela https://onvenezuela.com Tue, 23 Aug 2022 11:27:02 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://onvenezuela.com/wp-content/uploads/2020/01/cropped-Screen-Shot-2019-12-20-at-12.31.03-PM-1-32x32.png Petro – Summaries of news and views OnVenezuela https://onvenezuela.com 32 32 Sánchez animará a Petro negociar con Maduro https://onvenezuela.com/sanchez-animara-a-petro-negociar-con-maduro/?utm_source=rss&utm_medium=rss&utm_campaign=sanchez-animara-a-petro-negociar-con-maduro Tue, 23 Aug 2022 11:26:57 +0000 https://onvenezuela.com/?p=15719

El presidente del Gobierno, Pedro Sánchez, tratará este miércoles durante su entrevista con Gustavo Petro, la situación de Venezuela. Según fuentes gubernamentales, el jefe del Ejecutivo español le mostrará al nuevo presidente colombiano su respaldo ante el giro diplomático que ha mostrado con su país vecino.…[y]...  también animará a Gustavo Petro a seguir sus negociaciones con la narcoguerrilla del Ejército de Liberación Nacional (ELN). Por Rubén Fernández. Texto Completo -> Libertad Digital

⬇︎For English text, use Google’s translator at the bottom ⬇

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How U.S. Adversaries Are Using Cryptocurrency to Evade Sanctions https://onvenezuela.com/how-u-s-adversaries-are-using-cryptocurrency-to-evade-sanctions/?utm_source=rss&utm_medium=rss&utm_campaign=how-u-s-adversaries-are-using-cryptocurrency-to-evade-sanctions Wed, 30 Sep 2020 12:59:25 +0000 https://onvenezuela.com/?p=5821

To achieve one benchmark of success, the Petro would have had to be used to conduct trade. In April 2018, this was clearly the aim, with Venezuelan officials insisting that the Petro would be used to purchase Russian-made trucks, and that Caracas would offer India a 30 percent discount on Venezuelan oil if it used the Petro. Both Russia and India backed out of these deals. Russia’s deputy finance minister said there were no plans to use the Petro to trade, and India said its central bank had prohibited any use of the cryptocurrency, even though doing so could have saved the country $1.6 billion on oil imports. Although Turkey’s foreign minister said in 2018 that his country would be “pleased” to use the Petro, no trade in the cryptocurrency ever materialized. By Morgan Meaker. Full Text -> WorldPoliticsReview

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The Coder and the Dictator https://onvenezuela.com/the-coder-and-the-dictator/?utm_source=rss&utm_medium=rss&utm_campaign=the-coder-and-the-dictator Fri, 20 Mar 2020 12:36:41 +0000 https://onvenezuela.com/?p=2127

Gabriel Jiménez hated the Venezuelan strongman Nicolás Maduro. But he loved cryptocurrency. When he built the regime a digital coin, he nearly paid with his life.By Nathaniel Popper and Ana Vanessa Herrero. Full text-> New York Times.

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Venezuela’s Maduro: Airlines Must Use Petros to Pay for Fuel https://onvenezuela.com/venezuelas-maduro-airlines-must-use-petros-to-pay-for-fuel/?utm_source=rss&utm_medium=rss&utm_campaign=venezuelas-maduro-airlines-must-use-petros-to-pay-for-fuel Tue, 10 Mar 2020 02:35:14 +0000 https://onvenezuela.com/?p=1923

Venezuelan President Nicolas Maduro has declared all flights in another country should use the oil-backed petro cryptocurrency to pay for gasoline. By James Ashley. Full text-> The Bulletin Time

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Venezuelan maritime authority to require port payments in sanctioned Petro currency https://onvenezuela.com/venezuelan-maritime-authority-to-require-port-payments-in-sanctioned-petro-currency/?utm_source=rss&utm_medium=rss&utm_campaign=venezuelan-maritime-authority-to-require-port-payments-in-sanctioned-petro-currency Sat, 08 Feb 2020 05:09:00 +0000 http://onvenezuela.com/?p=1197

​Trade to Venezuela should be considered carefully in light of the above developments. Given the direct conflict between local Venezuelan requirements and US sanctions, members who are unsure of their position are strongly recommended to take legal advice. Full text-> Standard Club

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Venezuelan Petro Cryptocurrency is a ‘Scam’, Say Local Merchants https://onvenezuela.com/venezuelan-petro-cryptocurrency-is-a-scam-say-local-merchants/?utm_source=rss&utm_medium=rss&utm_campaign=venezuelan-petro-cryptocurrency-is-a-scam-say-local-merchants Tue, 04 Feb 2020 05:25:00 +0000 http://onvenezuela.com/?p=1055

Retail merchants in Venezuela are refusing to accept Petro payments as hyperinflation is causing massive devaluation upon liquidation of the crypto at the banks. By Osato Avan-Nomayo. Full text -> Bitcoinist

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Venezuela Puts the Crypt in Cryptocurrency https://onvenezuela.com/venezuela-puts-the-crypt-in-cryptocurrency/?utm_source=rss&utm_medium=rss&utm_campaign=venezuela-puts-the-crypt-in-cryptocurrency Mon, 03 Feb 2020 15:43:32 +0000 http://onvenezuela.com/?p=1030

The PetroApp, half a petro bonus, and other tales of Maduro regime funny money. By Mary Anastasia O’Grady. Full text-> WSJ

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