Venezuela got help from Russian Federation in launching petro
22 March, 2018, 02:05 | Author: Jason Torres
The government in Venezuela, led by President Maduro, has been pitching petro as one of the key instruments to boost the country's crumbling economy, which has found itself at the receiving end of severe hyperinflation and devaluation for years.
The crisis has posed major challenges for governments in the region, who also worry that assistance to Venezuelans could increase the number of people leaving their country.
"People close to Putin, they told him this is how to avoid the sanctions", an executive at a Russian state bank told Time.
Venezuela'sPetro cryptocurrency - a transparent attempt to circumvent sanctions through a forward sale of the country's oil - has sparked the anger of the nations that imposed those sanctions in the first place.
Green said Venezuelan President Nicolas Maduro's administration's political mismanagement and corruption were to blame for the humanitarian crisis. "This is how the whole thing started".
In what is certain to be the first crypto-related executive action taken by a USA president, the White House revealed Donald Trump'sexecutive order to unconditionally ban all activities related to Venezuelan government-issued or related cryptocurrencies within the United States. Venezuela's currency, the bolívar, has suffered from hyperinflation as a result of government mismanagement and United States sanctions.
Among those unabashedly singing Putin's praises was the chief editor of one of Russia's most prominent news organizations: RT. Selfie competitions, giveaways, food festivals and children's entertainers were laid on at polling stations to entice voters.
The fifth case relating to fraudulent withdrawal of Rs 139 crore from the Doranda treasury in Ranchi is pending with the court. He is now serving a prison term of 3.5 years following his conviction in the Deoghar treasury case on December 23 last year.
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As the post-referendum currency effect fell out of the year on year comparisons, price rises were always likely to ease back. The data suggests that pressure on households as a result of accelerating inflation and wage stagnation may be over.
Two days earlier, the airline sent a Kansas City, Mo. -bound German shepherd to Japan after switching it with a Great Dane. United says it will take the next few weeks to review its safety procedures, possibly consulting independent experts.
According to the Hollywood Reporter , Netflix will be increasing their salaries 12 times over due to the popularity of the show. The 14-year-old British actress became a big name worldwide after she landed the breakout role of Eleven in the programme.
Zervos then sued Trump, arguing that Trump painting her as a liar harmed her business and her personal reputation. The decision may also complicate Trump's effort to dismiss allegations from various women about his behavior.
Apparently, Facebook knew all about this data leak in 2015 but the public wasn't made aware of this news until this weekend. Facebook communications statement has been issued which says, "The claim that this is a data breach is completely false".
Following a fatal accident in Tempe, Arizona , Uber has suspended all self-driving tests on public roads across North America. Last year, Uber announced it was buying 24,000 Volvo XC90s, as it moved to grow its fleet of autonomous SUVs, from 2019.
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