Venezuelan retailers can’t replace stock because of Maduro’s Petro ‘cryptocurrency’

Petro, the cryptocurrency pet project from Venezuelan President’s Nicolas Maduro, is causing headaches for the country.

Retail stores in Venezeula are protesting the Petro by refusing to accept it as a payment method, local news reports. Retailers say that no supplier accepts the “cryptocurrency,” which means vendors have to exchange it for fiat.

[Read: Maduro’s Petro cryptocurrency will be an official currency in Venezuela — like the Bolivar]

Ordinarily this wouldn’t be too much of a problem, but because of Venezuela‘s wild hyperinflation, it’s putting vendors in a very tight spot.

The Bank of Venezuela rolls the conversion rate from Petro to fiat back to when a good was bought. As a result of hyperinflation, the value of that good rapidly increases, vendors have reportedly found it difficult to reliably replenish stock.

Josefina Salvatierra, executive director at the National Council of Commerce and…