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Venezuela Will Create New 'Petro' Cryptocurrency, President Maduro Says

Faced with rocketing inflation and low oil prices, Venezuela has introduced new, larger banknotes this year. Now the country is planning a cryptocurrency tied to its oil reserves. (Juan Barreto/AFP/Getty Images)
Faced with rocketing inflation and low oil prices, Venezuela has introduced new, larger banknotes this year. Now the country is planning a cryptocurrency tied to its oil reserves. (Juan Barreto/AFP/Getty Images)

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