This is not officially confirmed...But

[anenro]

I just heard from my Venezuelan contact.


The Central Bank of Venezuela, by order of the president of Venezuela, Nicolas Maduro, they are going to recall all the issued BCV and PdVSA bonds, and convert the debt obligation from USD to Venezuelan Petro (cryptocurrency).

My question is: Is this legal?

If Venezuela forces the investors to receive Petro currency to collect the interest owed to them and at maturity, to receive Petro instead of USD?

Any comments?

ANENRO Ishim / New York

[Sapphire Capital]

its a currency restriction and probably will not work because most of the instruments are NY law