Venezuelan retailer refuses to accept petrol payments due to hyperinflation

Venezuelan retailers have refused to accept petro payments due to the sharp devaluation of the Bolivar that banks received when they cleared the oil coins due to hyperinflation. María Carolina Uzcátegui, the former chairman of Venezuela's National Business and Services Council Consecomercio, even calls petroleum coins a scam. It is reported that since the launch of the petroleum coin, the Maduro government has been trying to promote its development, but with limited success.