Caracas, June 5, 2018 /.- Petro, a Venezuelan crypto-active backed by oil reserves and launched by the national government to "break the financial fence" of the US after the sanctions, does not end up appearing in the secondary market, such and as promised. "Even in the bakery, Venezuelans will be able to buy with their Petro," the authorities promised months ago.
After having allocated the digital currency in bulk to different programs, we took the bill and it turns out that President Nicolás Maduro overcame with the petros.
It allocated 130.7 million of the cryptocurrency for housing projects, a bank, international agreements and the development of industrial zones in several zones of the country, despite the fact that what is established in the official documents indicates that the emission of this cryptoactive is 100 millions of units.
The issue of the petroleum began on February 20 of this year with its pre-sale and sale (ICO) was made from March 22. After that, Maduro indicated that a total of $ 3,338 million had been collected and that these funds would be distributed for international reserves and for the Dicom currency selling system.
However, to date, the government has not placed the petro in any international or national exchange house that allows its sale in the secondary market, where a price and a bolivar / dollar exchange rate will be defined.
Nor has the crypto-active been placed in Dicom-type auctions, as entrusted to the authorities of the Central Bank of Venezuela.
According to the BancayNegocios portal, the promised amount has not been included in the international reserves, as evidenced by BCV statistics, which show that since the announcement date (April 26) to May 21, these have only increased in $ 167 million.
Another of the promises was to achieve independence from the global financial system, which in the opinion of the Venezuelan State, has prevented Venezuela from acquiring goods and services and to honor its international payment commitments.
To date there has been no disclosure of any type of external negotiation, whose exchange asset is the Venezuelan digital asset.
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