---
title: "Which Country launches the new virtual Currency \"petro\"?"  
description: "Which Country launches the new virtual Currency \"petro\"?"  
author: "Abhay Srivastava"  
published: 2018-01-01  
canonical: https://answers.mindstick.com/qa/32287/which-country-launches-the-new-virtual-currency-petro  
category: "general knowledge"  
tags: ["general knowledge"]  
reading_time: 1 minute  

---

# Which Country launches the new virtual Currency "petro"?

Which [Country](https://yourviews.mindstick.com/view/85543/do-you-think-that-french-will-be-islamic-country) [launches](https://yourviews.mindstick.com/story/2287/apple-wwdc-2023-the-best-launches-of-day-1) the new [virtual Currency](https://www.mindstick.com/news/1533/indonesia-will-impose-vat-income-tax-on-crypto-assets-from-may) "petro"?

## Answers

### Answer by akriti kashyap

## Petro!

![Which Country launches the new virtual Currency "petro"?](https://answers.mindstick.com/questionanswer/f3c485c0-6b57-4a0d-9b5c-9cdb01cd3eac/images/2bb0a610-9840-4886-82c7-2b55e8d81930.png)\

The crypto-currency “**Petro**” is been launched the **President of Venezuela**, **Nicolas Maduro** for advancing the related monetary issues of sovereignty which would a great push for financial blockade and transaction… Apart from this… Petro would also evade financial sanctions which are been led by the United States. This digitized currency would be back-up from **diamonds**, **gold**, **oil** and **gas** reserves of the country.

![Which Country launches the new virtual Currency "petro"?](https://answers.mindstick.com/questionanswer/f3c485c0-6b57-4a0d-9b5c-9cdb01cd3eac/images/0be5d7e4-f320-4949-84e4-21ef0ae49b5c.png)

## Further, you can hit on the link given below:

[Report on Petro](http://www.thehindubusinessline.com/news/world/venezuela-to-launch-oilbacked-cryptocurrency-petro/article9981177.ece)

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![Which Country launches the new virtual Currency "petro"?](https://answers.mindstick.com/questionanswer/f3c485c0-6b57-4a0d-9b5c-9cdb01cd3eac/images/a18781f3-74da-4ac4-80e1-28b9ed7ab6e3.png)\

**Cheers!**\
**\**


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