DEC 4, 2017
ORIGINAL SOURCE: Venezuela to create digital currency amid financing crisis by AFP for yahoo.com on 12/3/17
With Incredible hyperinflation, the local currency bolívar is virtually worthless with devastating repercussions for the Venezuelan population.
Maduro provided few details of how such a currency — backed by oil reserves, as well as gold and diamonds — would work in practice.
It certainly will be interesting to see how this plays out.
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