Venezuelan President Nicolas Maduro said that one unit of national cryptocurrencies El Petro will cost about $60.

According to him, Petro one will cost about $60, or 3.6 thousand new bolivars.

He also added that the minimum wage in Venezuela will amount to half of Petro. Maduro stressed that the VAT in the country increased from 12 to 16%.

Previously Maduro said on 20 August in Venezuela will walk the two currencies Bolivar and “Petro”, although the old money still remain till the moment of their disappearance. While the sovereign Bolivar will be linked to the “Petro”. The Central Bank will begin to publish official figures of the binding of the Bolivar to the “Petro” every day.

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