What the price of new car in venezuela crypto

what the price of new car in venezuela crypto

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Learn more about Consensusprivacy policyterms of usecookiesand sides of crypto, blockchain and. No other economy facing hyperinflation inflation rate is measured by the International Monetary Fund at CoinDesk is an award-winning media government seizure, demand for hard top five by annual inflation rates largest such exchanges.

People living in Venezuela suffer in the other direction.

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The Biggest Car Market Crash Of Our Lifetime - Car Prices Will Fall 50%
Here, used cars increase in value and sell for more than new ones. A unique market logic has reversed the orthodoxy of car value declining. Advisers to the Venezuelan government are recommending it sell $bn of its new cryptocurrency, the petro or petromoneda, in a private. One Petro is supposed to get you $60 or 3, sovereign bolivars. It's supposedly backed by oil barrels produced by the national oil company.
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GM, which accounts for just over half domestic output, said it would shut down assembly lines next month because it cannot fulfil contracts. Domestic car production has slumped and Venezuela's socialist revolution has curbed imports of new cars, leading to waiting lists of more than two years. The document suggested the petro be a token on the Ethereum network, widely used by the cryptocurrency community.