Venezuela’s Central Bank Launches Android App to Convert Bolivars to Petro-Pegged Currency

The Banco Central de Venezuela, Venezuela’s central bank, has recently launched an Android app to help the country’s residents convert the country’s old fiat currency, the bolivar, to the new Petro-pegged Bolivar Soberano – the Sovereign Bolivar. The app, first spotted by Bloomberg, is called “Calculadora Soberana” (Sovereign Calculator) and doesn’t do particularly complex math, as it pretty much takes five zeros away from the bolivar to convert it to the crypto-pegged currency, making a 1:100,000 conversion. At press time it has been downloaded over 10,000 times and has a…