February 25, 2026

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Venezuelan Banks Start Using the Petro to Denominate Customer Balances

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Venezuelan Banks Start Using the Petro to Denominate Customer Balances

Venezuelan Banks Start Using the Petro to Denominate Customer Balances Venezuela’s controversial national cryptocurrency, the petro, is slowly permeating the everyday lives of its citizens. The currency, each unit of which is supposedly backed by a barrel of oil, has begun appearing on screens when Venezuelan customers log in to their bank accounts. The move…

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