Venezuela and Palestine will establish a joint Fund in the cryptocurrency Petro

Venezuelan President Nicolas Maduro and the head of Palestinian President Mahmoud Abbas agreed to establish a joint Fund for cooperation in the fields of education, economy, energy, trade and agriculture with an initial volume of 20 million units of the Venezuelan government cryptocurrency Petro, the cost of one unit of which is equal to approximately the cost of a barrel of Venezuelan oil.

«I offered to Palestine in the framework of agreements with Venezuela carried out their investments in our cryptocurrency Petro. We will create a joint Fund for technological development of our peoples are Petro,» – said Maduro on the results of the negotiations.

Earlier, the government of Venezuela announced raising more than $ 3 billion at the end of the pre-sales of Petro.

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