Venezuela's 'petro' cryptocurrency is a pie-in-the-sky dream of a tinpot dictator

Yahoo Finance Video

Venezuelan President Nicolas Maduro has an idea for a digital currency that he calls the “petro,” which would be backed by oil, gas, gold and diamonds. Does this “petro-cryptocurrency” have a chance of helping the government raise money? Yahoo Finance's Alexis Christoforous and Jared Blikre discuss.

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