Venezuela's government now pays all pensioners in petro

posted 6 months ago
Venezuela has reportedly begun converting pensioners’ monthly payments into its controversial cryptocurrency, the petro. The government has recently been taking the bolivars (the country’s current fiat currency) paid to its elderly residents and automatically swapping them for petros.

Normally, a pensioner would receive their monthly sum in bolivars, shift the funds to a bank account, and withdraw the fiat from a local branch. However, the government apparently converted residents’ bolivars to petros after sending the funds.
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