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Trying to Exchange $100 in Venezuela..Petro is a cryptocurrency proposed by the government of Venezuela to circumvent international sanctions against it and revive the country's. In Venezuela, crypto is mainly used to hedge against inflation that causes bank deposits to sharply depreciate in weeks or even days. "Valiu. The petro (?), or petromoneda, launched in February , is a crypto token issued by the government of Venezuela. Petro. Petro logo. Denominations.