Venezuela to Force Citizens to Use Cryptocurrency Petro to Buy Passports

[kreslik.news]

The Vice-President of Venezuela, Delcy Rodriguez, announced last Friday that passport issuance fees can only be paid in the government-created cryptocurrency Petro as of November 1, 2018. Furthermore, the cost has increased to 7,200 ($115.77) bolivars to obtain a passport this Monday.

In November, this will translate to two petros for a new passport and 1 petro for an extension. The new payment method was part of a joint announcement, which also revealed that the country has established a migration police which will tend to the 72 ports of entry. The creation of the force comes at a time ... (read more)