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Venezuela to launch oil-backed digital currency Venezuelan President Nicolas Maduro looked to the world of digital currency to circumvent U.S led financial sanctions, announcing the launch of the "petro" backed by oil reserves to shore up a collapsed economy, Media report on Monday. The leftist leader offered few specifics about the currency ...
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Activist Okiya Omtatah contests De La Rue currency printing deal The printing of currency notes by a British company may cost the taxpayer half-a-billion shillings more than other firms that presented bids for the tender, according to an activist. According to Okiya Omtatah, American Crane & Company offered the cheapest bid to print the currency at Sh10.9 billion while ...
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