Venezuela oil-backed cryptocurrency to launch in days, the government says

The Venezuelan crypto currency, backed by oil, will be launched within a few days, the government says. The Venezuelan currency will be launched within a few days and 5.3 billion barrels of oil will be supported for $ 267 billion.

The launch is an attempt to compensate for a deep financial crisis, the socialist government said Thursday. 
President Nicholas Maduro surprised many earlier this month when he announced the " Petro". 
More information can be found on the link below. 
https://www.cnbc.com/2017/12/29/venezuela-oil-backed- ..