Sort:  

Is anyone actually using that?

The govt is forcing banks to adop it.

Is not that everybody is going to use Petro, just banks, big funds and countries to buy their oil. That gives volume and movement to Petro. Then, they use is as they used US dollars before to back their currency, called Bolivar. I guess, and Maduro said, that they will create a new Bolivar if the current currency collapses.