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Venezuela to Abandon US Dollar in Favor of Yuan and Others
Sep 8,2017 11:24CST
industry news
Source:SMM
Venezuela will turn itself away from US dollar to a basket of other currencies, including the Chinese yuan, the country’s President Nicolas Maduro said on Thursday.

SHANGHAI, Sept. 8 (SMM) – Venezuela will turn itself away from US dollar to a basket of other currencies, including the Chinese yuan, the country’s President Nicolas Maduro said on Thursday.

Chinese Yuan Strengthens to Highest since May 2016

Starting from next week, the country’s official exchange mechanism will adopt a basket of other currencies. 

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Venezuela
US dollar
Chinese yuan

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