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According to the statement of Venezuela vice president Delcy Rodriguez, citizens will be able to only use the state-backed cryptocurrency petro to pay passport fees. The new procedure will be launched next week.

As was stated in Bloomberg report, fees for all passport applications will be charged in Petro and will cost 2 petros for a new passport and 1 petro for an extension. The average monthly minimum wage in Venezuela Is four times less than the cost of the raised passport fee.

It was reported earlier, that Venezuelan President announced the launch if the official website for buying and selling cryptocurrency petro.

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