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Business Matters: Venezuela Launches Cryptocurrency

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Venezuela Launches Cryptocurrency

20/02/2018 GMT

BBC World Service - Business Matters, Venezuela Launches Cryptocurrency

Digital currency is introduced as country faces economic meltdown and crippling sanctions

Nicolás Maduro’s socialist government will introduce a commodity-backed digital currency as the country faces economic meltdown and crippling sanctions.
The BBC's Daniel Gallas explains why.

The operators of Israel's giant gas fields have agreed to supply Egypt. Israeli prime minister Benjamin Netanyahu says it will boost the economy and strengthen diplomatic ties.

Are more deals in the pipeline? We ask Tareq Baconi, a fellow with the European Council on Foreign Relations' Middle East and North Africa programme.

In Spain, a torrent of corruption scandals has been plaguing the Popular Party of prime minister Mariano Rajoy. Guy Hedgecoe reports from Madrid.

And will developments in artificial intelligence leave humans on the scrap heap? Michael Gibbs, an economics professor at the University of Chicago's Booth School of Business argues that middle-skill level workers should be most worried.

Picture: Venezuelan president Nicolás Maduro (Credit: Getty)

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