Petro
From Wikipedia, the free encyclopedia
For the former community in California, see Petro, California.
For the family of loa in Haitian Vodou, see Petwo.
For the truck stop chain, see TravelCenters of America.
For other uses, see Petro (disambiguation).
Petro is the name of a supranational currency proposed by Venezuelan President Hugo Chavez at the second South America-Arab League Summit in Qatar in 2009, to face the instability that the generation of fiat currency has caused the world economy.[1]
The petro-currency would be backed by the huge oil reserves of oil producing countries. [1] It would supersede the US dollar as the global reserve currency.
[edit] See also
[edit] References
- ^ a b (Associated Press) (31 March 2009). "Chavez to seek Arab backing for `petro-currency'". USA Today. http://www.usatoday.com/news/world/2009-03-31-petro-currency_N.htm. Retrieved 2 February 2011.
 |
This article about a unit of currency is a stub. You can help Wikipedia by expanding it. |
