Venezuela to Create Digital Currency Backed by Gold, Diamonds and Oil

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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