It has a circulating supply … Venezuela’s president, Nicolas Maduro has announced that the country would begin to trade oil and gold in Petro.. Petro is the national cryptocurrency of Venezuela and was announced in Oct. 2017, its sales began on Feb. 20, 2018, and its cost is equal to the price of a barrel of oil produced in the country. Starting from November 1, the cost of issuing new passports is 2 Petros while that for the extension is 1 Petro. 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The rate then surpassed 100 VES/USD on 3 October 2018, 1,000 VES/USD on 9 January 2019, 10,000 VES/USD on 19 July, and 50,000 VES/USD on 29 December. The Petro is a cryptocurrency issued by the government of Venezuela. The current CoinMarketCap ranking is #1575, with a live market cap of $1,477,173 USD. Prices. Our young and dynamic team is comprised of well-known journalists as well as Cryptocurrency & Blockchain Experts. … The old bolivar fuerte was redenominated at the rate of 1 VES = 100000 VEF. Venezuela’s oil-backed cryptocurrency is hardly used, and the government has made no move to tap into its oil reserves as promised, a report from Reuters found last week. USD Exchange Rates; Federal Reserve Bank; VES Venezuelan Bolívar Country Venezuela Region South America Sub-Unit 1 Bs.S = 100 céntimo Symbol Bs.S. Given the slow adoption, Maduro has ventured into various projects to ensure more people use the cryptocurrency. Venezuelan President Nicolas Maduro has announced a reward of one Petro cryptocurrency to every Venezuelan doctor as means to not only reward their hard work and determination in testing times such as these but also drive nationwide adoption of its pet cryptocurrency, confirmed an official tweet on 1st April 2020.. Join our mailing list to get regular Blockchain and Cryptocurrency updates. The petro (₽), or petromoneda, launched in February 2018, is a cryptocurrency issued by the government of Venezuela. Using Venezuela’s official cryptocurrency, the monthly minimum wage in the country will now be set at 0.039 petros (0.0003 BTC) come May 1. In addition, the cost of a passport in the country has skyrocketed to more than 7,200 bolivars (roughly $115.77 USD), leaving many people in the dust regarding how they can afford one. The old bolivar fuerte was redenominated at the rate of 1 VES = 100000 VEF. Apr 12, 2021 23:35 UTC. Currency Exchange Rates - International Money Transfer | Xe All rights reserved, Bosnia and Herzegovina convertible mark - BAM. We strive to help our readers gain valuable, trusted insights through in-depth analysis, high-quality and well-researched News stories and views from the digital currency community experts. View the Petro (PTR) price live in US dollar (USD). To counter the U.S. led financial sanctions and the collapse of its own currency 'bolivar', Venezuelan President Nicolas Maduro has announced the launch of its new state-owned cryptocurrency 'Petro'. On Monday, October 1, Venezuelan President Nicolas Maduro announced the official launch of the country’s official cryptocurrency, called Petro, alongside the release of … Exchange rates are updated every 15 minutes. Venezuelan Petro turned out to be a flawed one. The Venezuelan bolívar soberano is the new currency of Venezuela since August 20, 2018. Several countries use the U.S. dollar as their official currency, and many others allow it to be used in a de facto capacity. Venezuela has officially launched the pre-sale of its new digital currency called the petro. Historical 1000 (USD) U.S. Dollar= 9,987.5000 (VEF) Venezuelan Bolívar Fuerte (nine thousand nine hundred eighty-seven Venezuelan Bolívar Fuerte , and fifty céntimo) ↻ 1 U.S. Dollar = 9.9875 Venezuelan Bolívar Fuerte The live PetroDollar price today is $0.023083 USD with a 24-hour trading volume of not available. Venezuelan Bolívar Fuerte currency symbol: VEF Venezuelan Bolívar Fuerte coins available: 50 céntimos, Bs 1 Venezuelan Bolívar Fuerte banknotes available: Bs.S. Currency conversion rates from U.S. Dollar to Venezuelan Bolívar Fuerte today Tue, 06 Apr 2021: convert from USD to VEF and also convert in a reverse direction. Discover info about market cap, trading volume and supply. The Venezuelan bolívar soberano is the new currency of Venezuela since August 20, 2018. The Venezuelan bolívar soberano is the new currency of Venezuela since August 20, 2018. Reportedly, only about 400 Venezuelan businesses accept Petro for payments. PetroDollar is up 1.48% in the last 24 hours. Exchange Rate Venezuelan Bolivar to US Dollar Converter. According to DolarToday, the parallel exchange rate was 54,702.82 VES/USD as of 1 January 2020. According to the government’s official figures, 1 Petro is worth $58.93 (U.S. dollar) However, in the secondary market, the token is worth far less. 1.00 VEF = 0.000000 USD. As of November 1, all passport-related fees in Venezuela must be paid in petro funds, according to Vice-President Delcy Rodriguez. One of the major reasons that people found this CBDC to be flawed is that it was not available on any major crypto exchanges. The page provides the exchange rate of 100 Venezuelan bolívar soberano (VES) to US Dollar (USD), sale and conversion rate. Venezuelan President Nicolas Maduro Announces Launch of Country’s ‘Petro’ Cryptocurrency, Availability Date. Today's value and price history. Table of 1 US Dollar to Venezuelan bolivar Exchange Rate: Updated: 13/04/21 21:19: Date US Dollar to Venezuelan bolivar Link; Monday 12 April 2021: 1 USD = 0.00000000 VEF Venezuela makes Petro, a cryptocurrency backed by the country’s oil reserves, a national currency. In September , Ildemaro Villarroel, the Minister for Habitat and Housing, through the government website announced that Petro would be used to fund an ongoing social housing initiative. Stay up to date with the latest Petro price movements and forum discussion. Despite the government being quite confident about Petro, various experts from Venezuela believed that this is not going to be of great help. Rates are based on real time exchange rates. 1 USD to VEF Changes Changes % January 4, 2021: Monday: 1 USD = 248487.64 VEF--January 5, 2020: Sunday: 1 USD = 248487.64 VEF--The value of 1 USD in Venezuelan Bolivares for the year (365 days) increased by: 0 VEF (zero bolivar zero centimo). Live Petro prices from all markets and PTR coin market Capitalization. Venezuela claims that 20 million in Petro is equivalent to USD 1.2 billion, although cynics have poured doubt on the currency’s true worth. Exchange rate history Market Cap: $266b. © The Money Converter 2021. PetroDollar precio de hoy es el $0.027478 USD con un volumen de comercio de 24 horas de no disponible. Configure Converter. It's known locally as a buck or greenback. No content on our Site is meant to be a solicitation or offer. As of August 2018 it does not appear to be used as a currency.. Venezuela president Nicolas Maduro says the country is to start using cryptocurrency in both domestic and global trade, as part of efforts to neutralize crippling U.S. economic sanctions. The old bolivar fuerte was redenominated at the rate of 1 VES = 100000 VEF. It is a News Media Platform which serves its audience with accurate News and Analytical Articles. Venezuelan Bolívar Fuerte (VEF) is the currency used in Venezuela. Find price of Petro (PTR) in USD and other fiat currencies of the world. Introducing Petro happened in early 2018, but until last weekend, no one was paying Petro… Check out our snapshot charts and see when there is an opportunity to buy or sell. Petro (PTR) live price in US dollar (USD). CryptoGround.com is an independent publishing house that provides Cryptocurrency & Blockchain Technology News. In Amberes —the most popular exchange among Venezuelan Petros traders— the bonus could be redeemed for about 0.0026 BTC (about $18); at Localbitcoins it’s worth around 0.0038 BTC. Our team is committed to providing unbiased News & Reports related to various Cryptocurrencies, Decentralized Apps, Initial Coin Offerings (ICOs) and Blockchain technology. Moreover, we added the list of the most popular conversions for visualization and the history table with exchange rate diagram for 100 Venezuelan bolívar soberano (VES) to US Dollar (USD) from Tuesday, 13/04/2021 till Tuesday, 06/04/2021. By the end of the month it reached 87 VES/USD. View VEF Rates Table; View USD Rates Table; View VEF / USD Graphs; 1. 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