March 22, 2023

Ditching the Dollar: Venezuela moves to Euros in International trade

From Sputnik News Venezuela’s vice president for the economy announced on Wednesday that the country will stop using the dollar for international transactions in favor of the euro. The news follows Venezuela’s turn toward cryptocurrency with the creation of the Petro in an effort to reduce its exposure to transactions conducted with dollars. “Since the government launched its first cryptocurrency, the Petro, […]