Venezuela’s Bolivar Sees 454% Inflation in Q1 as Maduro Hawks the Petro

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Venezuelan President Claims ‘Petro’ Has Received 171,000 Pre-registrations

Runaway inflation continues to devalue the Venezuelan Bolivar (VEB), even because the nation’s authoritarian authorities seeks to divert consideration from the floundering financial system by hawking its “Petro” cryptocurrency. In line with Reuters, costs in Venezuela rose by 454 p.c in the course of the first quarter of 2018 and have swelled by eight,900 p.c over the previous 12 months.

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