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Petro

cryptocurrency, sovereign cryptocurrency, Petro, Venezuela, blockchain
Commodity Money, Digital Money, News

Venezuela's Petro: Fool's Oil

Diego Zuluaga/March 23, 2018June 19, 2022

Venezuela has the largest oil reserves in the world. Crude exports earn the country 95 per cent of its foreign exchange. That figure used to be lower, but relentless nationalization and the government’s insistence on controlling prices and exchange rates have made other exports unviable. Not that…

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Welcome to Alt-M, a community devoted to exploring and promoting ideas for an alternative monetary future. Our goal is to reveal the shortcomings of today’s centralized, bureaucratic, and discretionary monetary arrangements, and to bring serious consideration of real alternatives to the center stage of current monetary and financial reform debates.

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