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Venezuela’s Central Bank Withdrew Petro as an Accounting Unit From Its Portal

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Central Bank of Venezuela (BCV) decided to withdraw the Petro’s contribution as an accounting unit from its portal.

In this regard, the economist and academic of the Metropolitan University Luis Oliveros told CriptoNoticias: “Petro as an accounting unit does not exist. It was something that never existed.

It was an attempt at something from the government and, as usual, it didn’t work.” He added that “without an attack on the fiscal disaster, there is no way out of hyperinflation.”

The exclusion of the contribution of this asset issued by the government of Venezuela on the BCV portal has generated expectations regarding a possible wage increase, which currently stands at Bs. 40,000, which implies that this buys less than 0.00025 BTC.

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