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


  • World
  • Friday, 08 Sep 2017

Venezuela's President Nicolas Maduro (C) gestures as he speaks during a session of the National Constituent Assembly at Palacio Federal Legislativo in Caracas, Venezuela September 7, 2017. Miraflores Palace/Handout via REUTERS

CARACAS (Reuters) - Venezuelan President Nicolas Maduro said on Thursday hiscash-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 referring to Venezuela's "DICOM" official exchange rate in which the dollar buys 3,345 bolivars, according to the central bank.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Australian police charge five teenagers in Sydney cleric's stabbing
Thousands mark Anzac Day in Australia and New Zealand
Spain's Sanchez suspends public duties to 'reflect' on future
How streaming is boosting esports
Brazil's government submits rules to streamline consumption taxes
Roundup: U.S. crude supplies down, other petroleum data mixed
U.S. oil imports, exports up last week
Algeria, Tunisia, Libya agree to manage shared groundwater in Sahara
U.S. crude oil production unchanged last week
Ford Q1 net income drops

Others Also Read