Venezuela refused to sell the dollar on the foreign exchange market

Венесуэла отказалась продавать доллар на валютном рынке

Venezuela refused the use of the dollar in the foreign exchange market

Instead of USD in the country will use the Euro, the yuan and other convertible currencies.

Venezuela refused to sell the dollar on the currency market because of U.S. sanctions. On Tuesday, October 16, said the Vice-President Tarek al-Aissami, according to ABC News.

As pointed out by El-Aissami, the restrictive measures Washington “block the possibility of continuing to trade the us dollar on the foreign exchange market of Venezuela”.

Now, instead of the dollar in the country will now use the Euro, the yuan and other convertible currencies.

It is noted that the government plans to allocate two billion euros in the country’s economy to the inhabitants of the country was the ability to import.

The Vice President stressed that the sanctions imposed by the US, had a negative impact on the private sectors of the economy, including agriculture and pharmaceuticals.

In Venezuela, arrested 131 people for trying to “undermine” the economy

Recall that Venezuela is experiencing a severe economic crisis. According to IMF forecasts, by the end of the year inflation will reach 1 000 000%.

After winning the election this year, incumbent President Nicolas Maduro, the US imposed new sanctions against the country.

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