Tag: Venezuela: International Trade

NOVANEWS 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. By Loud & Clear - Radio Sputnik 00:00/11:14 Download  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, there's been an increased amount of interest in Venezuelan society as to cryptocurrencies' use and the way that they can be used by general, average citizens to generate income. So your average young Venezuelan is now really interested in bitcoins and a whole range of other cryptocurrencies, partly because they ...