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Venezuelan President Announces Its Digital Currency Is Backed by Oil Reserves The Venezuelan government is pursuing a new form of digital currency, backed by oil and other mineral reserves, in order to address the collapse of the country's economy. The Venezuelan cryptocurrency, the 'petro,' was announced by president Nicolas Maduro as part of a Christmas-themed television ...
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Portugal's finance minister elected president of the eurogroup, the body of currency bloc's finance ... Portugal's finance minister elected president of the eurogroup, the body of currency bloc's finance ministers. By The Associated Press. BRUSSELS — Dec 4, 2017, 11:04 AM ET. 0 Shares. Email. Star. 0 Shares. Email. Portugal's finance minister elected president of the eurogroup, the body of currency ...
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Venezuela's President Nicolás Maduro Announces the Creation of a Crypto-currency to "Overcome ... Nicolás Maduro, Venezuela's president, announced on Sunday the creation of a crypto-currency, named "El Petro", to make financial transactions abroad and combat the ... The president has indicated that the new digital currency will be backed up by Venezuela's oil, minerals, and diamond reserves.
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Investors cash in on Trump's S. Korea currency threats The won has jumped nearly 12% versus the dollar this year, set to deliver its biggest annual gain in more than ten years, as the Wall Street Journal is reports Monday. Despite rising tensions on the peninsula, improving economic growth and expectations of a weaker dollar have helped push the won up.
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