In These New Times

A new paradigm for a post-imperial world

Venezuela Is about to ditch the dollar

Posted by seumasach on September 9, 2017

Anti-media

8th September, 2017

Venezuelan President Nicolas Maduro said Thursday that Venezuela will be looking to “free” itself from the U.S. dollar next week, Reuters reports. According to the outlet, Maduro will look to use the weakest of two official foreign exchange regimes (essentially the way Venezuela will manage its currency in relation to other currencies and the foreign exchange market), along with a basket of currencies.

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