September 10, 2017

Venezuela's Maduro says will shun U.S. dollar in favor of yuan, others

CARACAS (Reuters) - Venezuelan President Nicolas Maduro said on Thursday his cash-strapped country would seek to “free” itself from the U.S. dollar next week, using the weakest of two official foreign exchange regimes and a basket of currencies.

Maduro was refering to Venezuela’s “DICOM” official exchange rate in which the dollar buys 3,345 bolivars, according to the central bank. Read more.

Reuters

Related,
Venezuela plans to drop US dollar in trades (video) - PressTV
Venezuela’s Maduro Announces More Currency Reforms - Venezuelanalysis

Venezuela Is About To Ditch The Dollar In Major Blow To US: Here's Why It Matters - ZeroHedge

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