As the leader of Venezuela, they will help to overcome the financial blockade of these countries. These new cryptocurrencies, Dubbed Petro will be produced by the commodity reserves, which include oil, diamonds and gold, as covered by CCN. Venezuelan President Nicolas Maduro has recently announced the creation of a new cryptocurrency during a Christmas television special.
At that time, this object-backed cryptocurrency is unlikely to bring immediate relief. It is a crisis that has forced millions of people to struggle to survive, even thinking that the Venezuelan have been destroyed in view of the light of day, and this opposition leaders have been made clear. That they do not believe that cryptocurrency is going to solve the economic problems of the country.
source - https://www.ccn.com/venezuelan-president-announces-superintendence-oil-backed-cryptocurrency-petro/