Petro: $ 240 million in Venezuelan bonds

In Venezuela, the payment of pensions and salary of public sector workers is made by the public expenditure account. Therefore, the president with his power as head of state can allocate or modify the budget directed to it. For this reason, on December 15 during national transmission, the president announced that Petro will be paid half to each pensioner and public sector worker.

Approximately 4,500,000 pensioners and 3,500,000 public workers have registered in Venezuela; Therefore, 8 million people will receive this Christmas bonus.

In addition, according to the recent changes in the value of the currency, a Petro is equivalent to $ 60 dollars, in this way $ 240 million will be paid. Which according to the exchange rate of the Central Bank of Venezuela (Bs.S / USD 46,366) are Bs S. 10,479,840 million, with Bs S. 10 billion.

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The reason why the president made this measure was following his new campaign of a "New stage of economic and social protection" within the Venezuelan economy. In reference to the delivery of Petro means to Venezuelans and new social projects within the country.

The president said directly that "they have been building the Petro (...) for almost 2 years" and added that "the first thing he did with Petro was to place 5 billion barrels of oil as support", concluding that they are already producing those barrels of oil to have them "only for Petro".

However, he later said that they already have "30 million barrels of oil" that are part of "the direct physical material wealth that Petro holds for those who want to claim it."

Therefore, the media began to question the veracity of Petro and associated with it. We invite you to leave in the comments on this new economic measure, both the Christmas bonus and the Petro itself.

Finally, we want to remember that CriptoTendencia is an impartial medium that only seeks to present facts. Therefore, we do not take any position before any event or make judgments about it. In addition, we do not issue financial recommendations on the issues we discuss.