The latest news from Venezuela coming out that it launched ana Android application to convert old Fiat currency into Petro backed currency .
It's reported that it has been downloaded 10,000 times during it's recent launching and getting a very good ratings above 4 according to reports .
Venezuelar leader Nicolas added that it devalued the Fiat currency by more then 90 percent ,so it's creating value to it.
Bolivar the Fiat currency is priced at 60 dollar at official exchange but sadly at black market it is available at less then 40 percent .
Later maduro is claiming that there is a possibility that it can be an alternative to Fiat currency soon so that's a positive news for it .
Data courtsey-https://www.ccn.com/venezuelas-central-bank-launches-android-app-to-convert-bolivars-to-petro-pegged-currency/