Media: Venezuela's popularity of petroleum coins rises, but merchants face many difficulties

According to, the Venezuelan government says millions of households have used the country's national digital currency, Petro (petroleum), to buy goods and services. And because merchants are forced to accept petroleum coins at a fixed exchange rate (2.5 million VES / PTR), consumers can buy petroleum coins at a low price on the open market, which actually forces merchants to sell goods at a large discount. At the same time, merchants were banned from collecting commissions in collections, and at least one merchant was currently arrested for collecting commissions.