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Home / Metal News / Venezuela to Abandon US Dollar in Favor of Yuan and Others

Venezuela to Abandon US Dollar in Favor of Yuan and Others

Sep 8, 2017 11:24

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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