Cryptocurrency

Carriers and foreign carriers would refuse to pay with petro, according to entrepreneur venezuelan

Key facts:

The companies could stop providing services after the decree of Nicolas Maduro.The extent of the government covering payment in PTR by use of airports, ports, and gasoline for airplanes.The actions of the government of Nicolas Maduro to begin collecting the state services in petro could generate that shipping companies and foreign airlines that serve the country, to stop providing its services in ports and national airports. It considers Cipriana Ramos, former president of the business guild Consecomercio, who said that the companies have no reason to submit to a payment method in the so-called criptomoneda of the venezuelan government.The main reason that would have the companies of this industry, to not use the petro as a form of payment, according to Ramos, is that they could be sanctioned by the united States through the Office of Foreign Assets Control (OFAC) and the Department of the Treasury. The decision would be related to the government of Donald Trump, who issued, in march 2018, an executive order that forbade americans to trade with cryptocurrencies the venezuelan government.”For us, that we are a community of customs and port (the state), Vargas, draws much attention to the issue of payment of the services of the INEA (National Institute of Aquatic Spaces) and Bolivarian of Ports, because that is part of the international trade how shipping you will pay to the INEA in petro? I see it very difficult,” said Ramos in a radio interview.The entrepreneur is considered that the charges could stay in a service port for that can then be transferred to Venezuela for a “vessel that is not subject to penalties, or at least do not subject you to the sanctions”.On another point discussed by the exdirigente he referred to the panorama can also be complicated for the international airlines that cover routes to and from Venezuela, since gas to supply the aircraft must also be paid in petro. On this aspect he stated: “airlines have to fill petrol in Venezuela will no longer do so, will continue to pay in foreign currency or they will do it, but you’re not going to use that currency or system to pay for the fuel.”For also advocate the fact to impose a method of payment to international entities would not be well seen since it is something that, in any case, would be to use among venezuelans. The point stressed is that those who agree to comply with these provisions will have to change their dollars, euros or other national currencies to buy petro.

Meeting between the Sunacrip and the INEA

While questioned what would occur with shipping lines and international airlines, reported this Friday, 17 January that the authorities of the INEA and the National Superintendant of Criptoactivos and Related Activities (Sunacrip), held a first meeting, after the announcement of Maduro to implement the charging of services in petro, to the representatives of the shipping agencies that make life in the country know what it is about the payment with the project criptomoneda of Venezuela.The INEA reported that the meeting was used to make a record and start opening wallets in petro for the shipping. In a press note, it was highlighted that the assembly was developed to “expedite the procedures leading to start the payment of their services rendered to foreign-flag vessels through this criptoactivo venezuelan”.The representatives of the carriers released their doubts on many aspects ranging from time-lapses to reconcile these operations, how they perform the conversion of bolivars to petros and in connection with the exchange houses. It was not clear when they will begin to pay for the services shipping on PTR. What is reported is that both parties established a work schedule to initiate the registration of the companies, this with the intention to streamline the processes of collections and payments.The meeting between the Sunacrip and the shipping came a day after it was reported, unofficially, that some sales of venezuelan oil were put on pause for customers of Petroleos de Venezuela (PDVSA) due to the port tariff will be charged in petros, something that has not been confirmed or denied by the venezuelan authorities.

About the author

Caroline W.

Caroline is passionate about learning languages, cultures and the Internet. She has years of experience working at international online advertising projects. Growing interested in Bitcoin and cryptocurrencies in late 2018, she joined CurrencyMarket24 as a writer.

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