Venezuela Forcibly Converts Pensions into Petro

Re:Venezuela Forcibly Converts Pensions into Petro by pjc50 on Monday December 17, 2018 @04:37AM (#18697873)

Does anyone have a mainstream news link to this? I don't trust coin-related news sites not to be involved in hyping things.

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Re:Venezuela Forcibly Converts Pensions into Petro by whymauri on Monday December 17, 2018 @04:54AM (#18697940)

I have Venezuelan news sources [1] - it's not breaking news. I think it was announced a few months ago. A lot of benefits/incentives/government wages have been making this weird transition to a digital wallet of sorts. I have a final exam tomorrow so I cannot translate at the moment.

http://www.el-nacional.com/noticias/economia/maduro-pago-las...

Side note, this is the same newspaper that was trending earlier this week for shutting down.

Official announcement from presidential press office:

https://twitter.com/PresidencialVen/status/10338222224677150...

"Starting now, we will pay pensions through a digital wallet on a monthly basis. This is so senior citizens can rest easy and have more freedom in their spending habits."

Imperfect translation, but functional I hope. I'm not 100% sure if the digital wallet is in Petro, I do think it's through a sort of citizenship card though. I can ask my parents tomorrow morning to clarify. I think the crypto news/media is confounding the gov. digital wallet with the Petro? Things happen so fast nowadays I can barely keep up with the mess.

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Re:Venezuela Forcibly Converts Pensions into Petro by celticninja on Monday December 17, 2018 @04:50AM (#18697922)

I cant find one, the Fiancial Times have covered Venezuela and petro in the past and they have no mention of it. Looks like BS to me based on one line in what appears to be a financial statement/email.

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Re:Venezuela Forcibly Converts Pensions into Petro by jsty on Monday December 17, 2018 @05:32AM (#18698085)

They've reported on the switch to the 'new Bolivar' [1], which has an official conversion to the Petro. So the Venezuelan government might well just now be switching to issuing new Bolivars, and reporting their value in Petros (I can't say why this would make any particular sense, except perhaps to make the distinction from old Bolivars clear).

[1] https://www.ft.com/content/7e19a908-a48c-11e8-8ecf-a7ae1beff...

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Re:Venezuela Forcibly Converts Pensions into Petro by gaius on Monday December 17, 2018 @04:57AM (#18697953)

https://finance.yahoo.com/news/venezuelan-government-forcing...

All stories reference the same Caracas Chronicle blog, it seems

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Re:Venezuela Forcibly Converts Pensions into Petro by holografix on Monday December 17, 2018 @04:51AM (#18697926)

Can’t find any either. Surprising...

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