Petro: Can Venezuela’s oil-backed cryptocurrency save its economy?

Beleaguered government is hoping to raise over $1bn from sale which begins today

Venezuela's national currency, the Bolivar, has collapsed over the past 12 months
Venezuela's national currency, the Bolivar, has collapsed over the past 12 months
(Image credit: Federico Parra/AFP/Getty Images)

Venezuela will today begin selling its own oil-backed cryptocurrency, which the government hopes will raise more than $1bn and save the country’s crumbling economy.

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