Crazy is linking your currency to the Petro. But everything else is kinda fine to treat inflation. They're raising taxes (a luxury, financial transaction, etc.), and the minimum wage. Only problem I see is that nations esp. are going to target the Petro. https://www.zerohedge.com/news/2018-08-19/venezuela-chaos-after-maduro-announces-massive-95-devaluation-new-fx-rate-tied
Venezuela In Chaos After Maduro Announces Massive 95% Devaluation, New FX Rate Tied To Cryptocurrency
Sheer chaos and confusion spread across Venezuela after president Maduro announced the government would enact a massive currency devaluation, implement a new minimum wage, hike taxes, and also raise gasoline prices for most citizens.