This looks like a test-bed for what the bankers will be rolling out elsewhere, in various iterations, including the US. Worth reading, investigating and following if you want be ahead of the curve. Sovereign crypto pegged to a hard asset, with a limited amount of new state-issued paper currency representing it.

https://www.zerohedge.com/news/2018-...w-fx-rate-tied

Maduro said the new currency, set to enter circulation on Monday, will be called the "sovereign bolivar" and will be based on the petro, which is valued at $60 or 3,600 sovereign bolivars, after the redenomination planned for August 20 slashes five zeroes off the national currency. The minimum wage will be set at half that, 1,800 sovereign bolivars. The government would cover the minimum wage increase at small and medium-size companies for 90 days, Maduro added. It was not clear what happens after.

"They've dollarized our prices. I am petrolizing salaries and petrolizing prices," Maduro explained in a Friday televised address. "We are going to convert the petro into the reference that pegs the entire economy's movements." more at link
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Please post any articles you come across about this Venezuelan new system. Bankers test these new systems in smaller economies before implementing in larger.