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Tag Archives: monetary policy

Venezuela Announces Currency Reform away from US Dollar

Venezuela has announced that they intend to drop the US dollar as the main trading currency for the country. Instead, they’ve advocated the use of a basket of alternative currencies. On the table right now are the Russian ruble, the Chinese Yuan, Japanese Yen, the Indian Rupee, and possibly the Euro. This will be the…

2017 09 11 in Commentary, Economics, Venezuela.

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