Friday, May 7, 2021

Tag: Will Use Euros For International Trade

Venezuela Ditches US Dollar, Will Use Euros For International Trade

from ZeroHedge:

Venezuela has just taken the next step in its quest to “free” itself from the tyranny of US dollar hegemony.¬†One year after the country said it would stop accepting US dollars as payment for its (ever shrinking) oil exports (saying the country’s state-run oil company¬†would accept payment in yuan instead),¬†Venezuelan Vice President for Economy Tareck El Aissami said Tuesday that Venezuela will officially purge the dollar from its exchange market in favor of euros.