Analyst struggle to track Venezuela’s new Petro cryptocurrency

Global Business

Analyst struggle to track Venezuela's new Petro cryptocurrency

The first government-backed cryptocurrency in the world is now on sale. Venezuela launched the petro as a way to pay off debt and increase imports, in a country suffering from hyperinflation and severe shortages of basic goods. Analysts are trying to track whether the petro has begun to do the job.

CGTN’s Juan Carlos Lamas reports.