Venezuelan Citizens Forced to Pay for Passports in Petro

[sell100]

Venezuelan Citizens Forced to Pay for Passports in Petro

The Cafe con Leche index shows the inflation of the Venezuelan Bolivar at 127,173% over the past year. The index tracks the price of one item, a coffee with milk. The hyperinflation has resulted in Venezuela spiraling into economic and political turmoil. What began this spiral of hyperinflation? The short answer is …

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https://www.trackcoinmarket.com/en/crypto-news/33569/venezuelan-citizens-forced-pay-passports-petro

[bitfocus]

This push help mr. president to spread adaptability of Petro - kinda negative, though.

[snipie]

Prefer to hear Venezuelan news from the citizens to see how they are living there.
You mentioned paying for passports with petro but you didn't mentioned it in the text. Although it is a bad news for poor people who cannot even access the Internet, Maduro has to think about issuing a real currency backed by gold or silver or even oil which could be exchanged with petro to save Venezuelan economy..

[LeGaulois]

Last week there was a news citing Venezuela as forcing the citizens to the use of this currency. But if the citizens don't want it will create political tensions in the country, besides the one already there. the president is going to lose his chair during the next election.
I know the headaches it is to change the national currency, they take the opportunity to increase the prices. If the wage does, no problem, but if not it' will make the population poorer

[Copod]

Inflation of Bolivar is insane. Makes sense to have another currency that you could make transactions in and that is not losing it's value this fast

[biskitop]

that is the effort of the Venezuelan government to reduce hyperinflation that occurs because the bolivars are printed very much and make hyperinflation occur there. petro can be a solution with non-cash payments, aka not using bolivar itself, and crypto can really be a pretty good solution so far.

[Juggy777]

Last week there was a news citing Venezuela as forcing the citizens to the use of this currency. But if the citizens don't want it will create political tensions in the country, besides the one already there. the president is going to lose his chair during the next election.
I know the headaches it is to change the national currency, they take the opportunity to increase the prices. If the wage does, no problem, but if not it' will make the population poorer

I'm surprised the current President has decided to do this as this is making the situation already worse, I don't think all citizens will have access to net or even know how to use it. Yes I'll agree this is bound to create political troubles for the already troubled country. I'm not seeing any sense in doing this yes some will say petro will gain adoption, but at the cost of the ruling party being ousted, confusion in the minds of public I would call this very bad decision, and hope it gets reversed.