Yandex

Blog

What is the petrodollar system and how does it impact the world economy

Petrodollar is simply the U.S. dollars paid to any oil-exporting country in exchange for crude oil. To ensure availability of crude oil, the United States patronizes many oil-exporting countries. Over the years, the United States has purchased oil from so many...

Views: 82 Read

How Do People Live and Use Money in A Country with Hyperinflation?

In the last few years, Venezuela has witnessed one of the highest rates of inflation in the world. Prices of commodities in that country have increased so much so that they have become virtually unaffordable. But this is not the first country to experience...

+1 comments: 1 Views: 741 Read

Legality And Regulation Of Bitcoin And Other Cryptocurrencies In Venezuela

Venezuela is a nation that is relying completely on cryptocurrencies like Bitcoin after the nation was struck by hyperinflation, which had adversely affected the nation’s economy. And the reason why Venezuelan people are using Bitcoin and Ethereum as an exchange...

Views: 417 Read

Copyright © 2017 - 2019. All rights reserved.