Servando Carbone, national coordinator of the National Federation of Public Sector Workers (FNTSP), said that the creation of Petro is a scam, and that it is just another invention of the government and another tool that will serve to launder money from drug trafficking. He also warned that if they are forced to use this currency, all their guild will go out to the streets to protest.<\/span><\/p>\nLikewise, general secretary of the Oil and Gas Workers Union of Falc\u00f3n state, Ivan Freites, expressed his reluctance and highlighted that (Maduro\u2019s order) makes no sense whatsoever, just like each one of the announcements made so far. He also added that the overall cost for producing a single oil barrel is too expensive.<\/p>\n
Lastly, spokesman of the National Trade Union Coalition, Carlos Salazar, explained the way Petrocoin works is unknown and thus, the government ought to review the possibility of dollarizing the economy, because it makes no sense to keep up with a devaluated currency if the value of Petro will be backed up by oil reserves, which are quoted in dollars.<\/p>\n","protected":false},"excerpt":{"rendered":"
During a meeting celebrated in PDVSA\u2019s headquarters in Caracas, Venezuela\u2019s minister for university education, science and technology Hugbel Roa, and the labor minister Nestor Ovalles, informed that they were debating on work groups about the possibility of incorporating savings banks in national cryptocurrency Petro, in an effort to protect the working class.<\/p>\n","protected":false},"author":3,"featured_media":4145,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[84,103,74],"tags":[4779,4785],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/4143"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=4143"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/4143\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/4145"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=4143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=4143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=4143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}