Venezuela and Palestine agreed on the creation of a joint fund in the cryptocurrency

Venezuela and Palestine will create a foundation for the development of their countries, the initial volume of which will be 20 million units of Venezuelan cryptocurrency El Petro. Such an agreement was reached on Monday at a meeting of the Venezuelan President Nicolas Maduro, with the head of Palestinian country Mahmoud Abbas in Caracas – the AVN agency reported.

During the fourth visit of Abbas to the Bolivarian Republic, the parties assessed the state of bilateral cooperation. Venezuela and Palestine cooperate in the fields of education, economy, energy, trade and agriculture, as well as in a number of other areas.

Pre-sale of El Petro – the first Venezuelan cryptocurrency – began on February 20th this year. The cost of one of its units is equal to the cost of oil produced in the country. Earlier, the head of state said that investors expressed interest in acquiring the first Venezuelan cryptocurrency for more than $ 3 billion. Source:

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