Venezuela Issues Passports For National Cryptocurrency

Venezuela Issues Passports For National Cryptocurrency

El pasaporte for El Petro (PTR): people of Venezuela must pay passport fees only with national cryptocurrency El Petro. 

The Vice President of the Republic, Delcy Rodríguez, reported October 5th that the passport fee would be 2 PTR and the extension – 1 PTR.

“In the case of Venezuelans who are abroad, until the first day of November the cost will be $200 for issuance and $100 for extensions.” – said Rodríguez.

2 PTR is 7200 bolivars. That is 4 times more than a minimum monthly wage in Venezuela.

The vice president also announced the activation of “immigration administrative police” for the migration control as “5,000 people leave the country every day”, according to Bloomberg. 

Cointrend.me has recently reported about the official launch of El Petro. The thing is the official launch of El Petro (public cryptocurrency sale) starts November, 4th when passport application fees have to be paid in El Petro since this Monday. 

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