More and more voices about the risk of very high inflation, which may persist for more than a few quarters. The most extreme views expect inflation at the level seen several decades ago in [...]
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SEPTEMBER 29, 2021
Nigeria is another country with a state-owned cryptocurrency [eNaira]
eNaira is currently the official cryptocurrency in Nigeria. Thus, it became the first country in Africa to introduce cryptocurrency into the state circulation. The first in the world was Venezuela, whose digital petro was [...]
566
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27 Września 2019
Venezuela wants to sell oil for cryptocurrencies
The Venezuelan oil and gas company Petroleos de Venezuela SA (PSDV), wholly dependent on the state, wants to bypass international sanctions that impede its sale of crude oil. How? Settling transactions in cryptocurrencies.
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9 May 2019
Venezuela's banks will offer access to the forex market
Venezuela has been struggling with the economic crisis for a long time. The actions of the government and the central bank (through monetary policy) try to calm down hyperinflation. The country has been struggling with it for a long time.