The Central Bank of Venezuela will receive $1 billion from the proceeds of the Petro sale. Petro Sale Exceeds $3 Billion President Nicolas Maduro made the announcement in a statement to reporters on April 26, 2018. The money is being earmarked for foreign exchange auctions as the country tries to recover from a crippling economic crisis. According to the Venezuelan President, early sales of the Petro cryptocurrency exceeded the $3 billion mark. Thus, he hasRead MoreThe post Central Bank of Venezuela to Receive $1 Billion from Petro Sale appeared first on Bitcoinist.com.