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Venezuela Is About To Ditch The Dollar In Major Blow To US: Here's Why It Matters

Authored by Darius Shahtahmasebi via, Venezuelan President Nicolas Maduro said Thursday that Venezuela will be looking to “free” itself from the U.S. dollar next week, Reuters reports. According to the outlet, Maduro will look to use the weakest of two official foreign exchange regimes (essentially the way Venezuela will manage its currency in relation to other currencies and the foreign exchange market), along with a basket of currencies.
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