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


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.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Peru lawmakers gather support to call for debate to oust president Jeri
US, Taiwan finalise deal to cut tariffs, boost purchases of US goods
Ukraine's Zelenskiy: We have backed US peace proposals to get a deal done
China's Sun Long wins silver in men's 1,000m short track speed skating at Milan-Cortina (updated)
Australia's conservative opposition picks former energy minister Taylor as new leader
China opens women's curling campaign with victory at Milan-Cortina Games
North Korea says South Korea should take steps to prevent violation of its sovereignty
U.S. stocks close lower
Medal table at Milan-Cortina Winter Olympics on February 12
EU moves to speed up single market, eyes smaller-group cooperation

Others Also Read