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The petro (₽), or petromoneda, [2] launched in February 2018, was a crypto token issued by the government of Venezuela. [3] [4]Announced in December 2017, it was supposed to be backed by the country's oil and mineral reserves, and was intended to supplement Venezuela's plummeting hard bolívar currency, as a means of circumventing U.S. sanctions and accessing international financing.
The legal status of cryptocurrencies varies substantially from one jurisdiction to another, and is still undefined or changing in many of them. [1] Whereas, in the majority of countries the usage of cryptocurrency isn't in itself illegal, its status and usability as a means of payment (or a commodity) varies, with differing regulatory implications.
Use of the Internet in Venezuela has greatly expanded, but is mostly concentrated among younger, educated city residents, and centered on the capital, Caracas. The Venezuelan economic crisis caused a prolonged period where Venezuelan had among the lowest speeds in the region, which has been drastically improving starting in 2022. [ 1 ]
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Yahoo (/ ˈ j ɑː h uː / ⓘ, styled yahoo! in its logo) [4] is an American web portal that provides the search engine Yahoo Search and related services including My Yahoo, Yahoo Mail, Yahoo News, Yahoo Finance, Yahoo Sports and its advertising platform, Yahoo Native.
Hyperinflation in Venezuela was the currency instability in Venezuela that began in 2016 during the country's ongoing socioeconomic and political crisis. [3] Venezuela began experiencing continuous and uninterrupted inflation in 1983 , with double-digit annual inflation rates.
Coat of arms of Venezuela and the name of the country of emission: 100 bolívares: Round: Nickel-plated steel: 6.5 g: 25.5 mm: Segmented (Plain and Reeded edges) Effigy of the Liberator Simón Bolívar, waves representing the patterns of the national flag: Coat of arms of Venezuela and the name of the country of emission
Banco Central de Venezuela was created by Congress on July 13, 1939 (effective September 8). It began operations in October 1940, at which time there were six note-issuing banks (Banco de Maracaibo, Banco de Venezuela, Banco Caracas, Banco Comercial de Maracaibo, Banco Venezolano de Credito, and Banco Mercantil y Agricola).