Venezuelan President Nicolas Maduro

Company-agglomerate Agrosur received a loan in the amount of 566 thousand Petro. At the official exchange rate, this amount exceeds $ 31 million.

Venezuelan President Nicolas Maduro has issued loans in national cryptocurrency Petro companies engaged in grain production. He announced during a television broadcast on April 22, reports RIA Novosti.

“For cereal crops, we will issue a credit to the company-agglomerate Agrosur in the amount of 566 thousand Petro. Petro funds manufacturing!” − said the head of state, before presenting the check for cash General Manager of the company.

According to the latest official data, the rate of Petro is just over $ 55, so the size of the largest of the issued cryptocredits exceeds 31 million dollars.

Two weeks ago, value is tied to Venezuelan oil cryptocurrency was below 30%.

We will remind, in January, Maduro has authorized the sale of oil in Petro.

Venezuela was the first country with its own cryptocurrency, which is supported by the oil reserves. Petro was released into circulation on 20 February 2018.

The cost of Petro is tied to the price of a barrel of Venezuelan oil.

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