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Main » 2018 » October » 18 » Venezuela no longer uses the United States dollar
Venezuela no longer uses the United States dollar


Venezuela made a difficult step, declaring that pay for its oil needs in other currencies and dollars she does not accept. This was followed by the country's authorities, it was decided not to use the dollar for foreign exchange transactions in the market. 






Vice-President for Economic Affairs, Tarek El Aissami said on that in the near future in Venezuela in use will be used by the yuan and the euro, but also other currencies, which can be converted and used in the domestic market. To this came due to the fact that Trump has taken financial blockade, which is everything and decided. "We are not left alone and unknown attacks continue our finsistemy - said El Aissami. - We will adhere to their own interests, rather than adjust to someone. "

Nicolas Maduro, on his speech, said he is ready to lead the country's economy to recovery, but only if the re-take the post of head of state. Unfortunately, that his administration did not make it easy to find the necessary investments in connection with the introduction of sanctions against Venezuela. 

He also said the fact that the foreign exchange auctions, banks will be able to participate up to three times a week. El Assaymi and adds that the government will have to get rid of 2 billion euros in order to somehow stabilize the price of oil policy. 

United States sanctions were imposed on September 25 in relation to Celia Flores, who is the wife of Nicolas Maduro, a former Attorney General. In favor were more persons present in the approximate range of the president.   

In September last year, Venezuela has come to a deliberate and premeditated decision not to be used as payment for oil dollars. In order to circumvent sanctions put forward by the US, of PDVSA, Venezuela's main oil company, reported its potential customers that plan to open bank accounts in euros and other currencies.  

Maduro has repeatedly said that in the near future the dollar will have no place in public life. "Venezuela has been developing an updated currency system for international payments. If the dollar will not be able to fully get rid of, you have to use the new currency basket, which includes Russian ruble and the yuan, yen, Indian rupee and euro ".


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