The Venezuelan parliament denounces the issuance of the cryptocurrency Petro of President Nicolas Maduro, the qualifying as "totally null and void".

National expected national currency of the quake Petro, so called because it would theoretically be tied to its oil reserves, had an initial expected value of $ 5.9 billion, after Maduro announced 100 million units in a TV address last week:

"I ordered the issuance of 100 million petroleum with the legal livelihood of certified oil wealth and of Venezuela. "

A barrel of Venezuelan oil closed at $ 59.

Reversing plans in parliament however, MP Jorge Millan ridiculed Petro as a "new act of fraud." He told the politicians during a debate,

"We find ourselves a new type of fraud, disguised as a solution to the (financial) crisis."

This Government incompetent wants to compensate for the lack of oil production with these virtual barrels. "

Maduro has" systematically "ignored the protests of the legislative entities, notes Reuters, and the last conviction of the legality of Petro can not be the highlight in the coffin for the diet. Reuters also quoted Millan as saying:

"This is not a cryptocurrency, it is a Venezuelan oil futures sale.It is tailor made for corruption.

External commentators have questioned the general appeal of Petro's launching as planned, due to the fragile political situation in which Venezuela continues to struggle. ]