The national Assembly of Venezuela is preparing a reform of the country's Constitution, which provides for the creation of a crypto-currency Central Bank. It will be the Central Bank" with its functions in exchange, monetary and financial policy, and the Central Bank will be involved. In Venezuela, from August 20, a new denominated currency will enter into circulation the Sovereign Bolivar (Bolivar Soberano), tied to the national crypto currency Petro. On Monday, the country's President Nicolas Maduro (Nicolás Maduro) said that the country will begin to operate a new system of wages and prices, also tied to Petro.
You have some mistakes in your terms:
1.
It's the illegal "Constituent national assembly": They are illegally constituted, not following the right steps stated in the current constitution - Which job should be to redact a new constitution but they are doing everything they want to do except that. It's about time they put their name to use and redact the constitution.
2.
Petro is NOT a Cryptocurrency: It is only a virtual currency with the image of a coin. Not following the basic principles for Cryptocurrencies to really become one. The person who made it of course knew it, no idea why some people just decides to help dictators who starve their own people.
3.
Nicolas Maduro is not a President: He is a dictator. If you research a bit you will see that a lot of countries are not recognizing him and he is right now occupying the spot ilegally, endorsed by Cuba.
Calling a regular virtual currency Cryptocurrency which is supposedly backed by their oil reserves within an oil company who is falling apart and literally destroying itself, making them sell a good part to Russia and China borrowing a lot of money they can't pay means that the 5 digit inflation rate will get a lot bigger in the next weeks and especially after that measurement is taken.