techcrunch is pretty low on details here. The sources that wikipedia cites on the subject are: https://www.bloomberg.com/news/articles/2018-08-20/here-s-what-m

techcrunch is pretty low on details here. The sources that wikipedia cites on the subject are: https://www.bloomberg.com/news/articles/2018-08-20/here-s-what-maduro-has-said-of-venezuela-s-petro-cryptocurrency https://www.bloomberg.com/news/articles/2018-08-20/here-s-wh... https://www.theguardian.com/world/2018/aug/20/venezuela-prepares-to-devalue-currency-amid-fears-it-may-worsen-crisis-bolivar https://www.theguardian.com/world/2018/aug/20/venezuela-prep... https://news.bitcoin.com/venezuelans-to-be-paid-at-least-half-a-petro-a-month/ https://news.bitcoin.com/venezuelans-to-be-paid-at-least-hal... Notable details: They claim they will allow the price to fluctate. The minimum wage will be 0.5 Petros. The inital price for 1 Petro is 3.6k sovereign bolivars