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Venezuela Ditches US Dollar, President Maduro Says


by Watcher.Guru
Venezuela Ditches US Dollar, President Maduro Says

Venezuela’s President Nicolas Maduro announced on Tuesday that his country will move forward and ditch the US dollar in economic transactions. The South American nation is the newest one to publicly share plans to abandon the US currency after Argentina agreed to begin paying for imports in the Chinese Yuan.

Speaking to local media, Maduro said, “This is the path of Venezuela and the path of a free economy where currencies are not used to punish countries and impose sanctions.”

Inflation in the US is prompting multiple countries around the world to ditch the US Dollar. The BRICS Alliance is publicly looking to expand, as well as bring in a new currency to put USD on the back burner. Multiple countries, even in South America, are in support of this. Whether it be in a new BRICS currency, the Chinese Yuan like Japan, or native currencies, countries are looking to decline the US dollar dominance around the world.

BRICS: Venezuela Ditches US Dollar
Source: Global Times

The US Dollar remains in a rapid decline, and it will only go further downwards as more and more nations who previously relied on it decide to ditch it. If another country in South America besides Argentina, Brazil, and Venezuela ditches the US Dollar, soon it may domino into the entire continent doing the same.

Read the article at Watcher.Guru

Read More

BRICS Don’t Threaten The US Dollar, The US Does Through Its Own Policies

BRICS Don’t Threaten The US Dollar, The US Does Through Its Own Policies

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Why betting on Bitcoin as the dollar collapses could wreck small investors

The value of the US dollar is dropping as inflation rises, making it difficult for pe...

Venezuela Ditches US Dollar, President Maduro Says


by Watcher.Guru
Venezuela Ditches US Dollar, President Maduro Says

Venezuela’s President Nicolas Maduro announced on Tuesday that his country will move forward and ditch the US dollar in economic transactions. The South American nation is the newest one to publicly share plans to abandon the US currency after Argentina agreed to begin paying for imports in the Chinese Yuan.

Speaking to local media, Maduro said, “This is the path of Venezuela and the path of a free economy where currencies are not used to punish countries and impose sanctions.”

Inflation in the US is prompting multiple countries around the world to ditch the US Dollar. The BRICS Alliance is publicly looking to expand, as well as bring in a new currency to put USD on the back burner. Multiple countries, even in South America, are in support of this. Whether it be in a new BRICS currency, the Chinese Yuan like Japan, or native currencies, countries are looking to decline the US dollar dominance around the world.

BRICS: Venezuela Ditches US Dollar
Source: Global Times

The US Dollar remains in a rapid decline, and it will only go further downwards as more and more nations who previously relied on it decide to ditch it. If another country in South America besides Argentina, Brazil, and Venezuela ditches the US Dollar, soon it may domino into the entire continent doing the same.

Read the article at Watcher.Guru

Read More

BRICS Don’t Threaten The US Dollar, The US Does Through Its Own Policies

BRICS Don’t Threaten The US Dollar, The US Does Through Its Own Policies

BRICS don’t threaten the dollar, the US does – and this reality is actually becoming ...
Why betting on Bitcoin as the dollar collapses could wreck small investors

Why betting on Bitcoin as the dollar collapses could wreck small investors

The value of the US dollar is dropping as inflation rises, making it difficult for pe...