March 28, 2024

Venezuelan Airlines now obliged to pay for fuel at Petro

Venezuelan Airlines now obliged to pay for fuel at Petro

In an attempt to encourage the adoption of a national cryptocurrency, Venezuelan President Nicolas Maduro has mandatedlocal airlines pay for fuel with Petro.

Maduro recently reported that allOil produced by the state-owned company PDVSA will be sold only at Petro. In addition, all taxes and utility bills must be paid in the same cryptocurrency.

Now the president of the country obliges all localairlines pay in national cryptocurrency. He said the government will be “closely monitoring” businesses that are reluctant to accept payment in Petro and prefer the US dollar. 

Venezuela – one of the countries thatUS trade sanctions are in effect. With the help of digital currencies, the government wants to find a way to circumvent these sanctions. It is worth noting that Venezuela became the first country to launch its national cryptocurrency on a global scale.

Maduro seems determinedtransfer the country to digital payments at Petro. A little earlier this year, he also decided that all gold mined in the country should also be sold in national cryptocurrency.

It is worth noting that on New Year's Eve Madurostated on television that his government was prepared to pay a one-time allowance of 0.5 Petro (approximately $ 30) to all retirees, public sector employees, and military personnel.

Based on materialszycrypto.com