Venezuela drops US dollar, will use euro for international transactions

RAEL’S COMMENT:

Wonderful! One more!

 

Venezuela is abandoning the US dollar, with all future transactions on the Venezuelan exchange market to be made in euro, Tareck El Aissami, the country’s Vice President for Economy, announced.

The sanctions, recently introduced by Washington against Caracas, “block the possibility of continuing to trade using the US dollar on the Venezuelan exchange market,” El Aissami said, adding that the American restrictions were “illegal and against international law.”

The American “financial blockade” of Venezuela affects both the country’s public and private sectors, including pharmacy and agriculture, and shows “just how far the imperialism can go in its madness,” the vice president said.

Venezuela’s floating exchange rate system, Dicom, “will be operating in euro, yuan or any other convertible currency and will allow the foreign exchange market to use any other convertible currency,” El Aissami said.

The vice president added that all private banks in Venezuela are obliged to participate in the Dicom bidding system.

The government is going to sell 2 billion euros between November and December to allow the public to purchase the European currency “at a real, non-speculative rate,” he said.

Washington isn’t hiding its desire to see Venezuela’s socialist President, Nicolas Maduro, whom it’s accusing of a crackdown on the country’s opposition, removed from power. Trump administration even spoke of the possibility of the so-called “humanitarian intervention” into the country.

Last year, the US imposed sanctions prohibiting trading new debt and equity issued by the Venezuelan government and state oil company, PDVSA. The Department of Treasury also introduced several rounds of restrictions againt Venezuelan top government officials. Maduro was among those blacklisted and called it “an honor.”

The US pressure has contributed to the severe social and economic crisis in Venezuela in recent years as it was hit by hyperinflation, the devaluation of the national currency and a shortage of basic necessities.

The harsh situation forced more than 2.3 million to people leave the country this summer in search of better life in Colombia, Ecuador, Peru and Brazil, according to the UN.

https://www.rt.com/news/441448-venezuela-drops-dollar-currency/?fbclid=IwAR2VwfrjDQMLSeWgQKzCOf88nO1TB7vR6OdlAyrqMwZDRyBht5s0Qy3XtHE

Kunin ang katotohanan

Basahin ang mga mensahe na ibinigay sa amin ng aming mga tagalikha habang nakatagpo si Rael sa UFO noong 1973!

Iba pang mga kaganapan

Sundan mo kami

Akademya ni Rael

you might also like

1919 Rennes/Toulon heat wave

RAEL’S COMMENT:  No one is responsible except for the sun…

Maitreya’s car at the time of the first encounter

RAEL’S COMMENT:  This was the car I was driving at the time of the first encounter…

Is it really hotter?

RAEL’S COMMENT:  20 years ago it was much warmer…you said warming?

All life matters

RAEL’S COMMENT:  Yes! Precisely in France we love the whole veal head served with a ravigote sauce. And the tongue too!