Venezuela's president Nicolas Maduro announced the launch of Petro as the national currency, seven months after his government adopted it as the country's crypto currency.The government also issued a new white paper on Petro, describing the basic concepts of the technology behind it.It says Petro is no longer backed fully by a barrel of oil. Instead, it is now backed by 50 percent oil, 20 percent ...
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.