Sunday, June 4, 2023

Maduro: Venezuela is inserting itself into the world’s de-dollarization initiative

Nicolas Maduro, the president of the republic, said in his television program on Monday that Venezuela is also on the way to leave the dollar independent.

“Venezuela is inserting itself into the de-dollarization initiative of the world,” he said at Con Maduro + when applauding Zimbabwe’s decision to launch a gold-backed cryptocurrency.

“It would be good to study these initiatives that are emerging in the world and set guidelines, adding action to the process of inevitable de-dollarization of the world,” he stressed.

He asked the Vice President of the Republic, Delcy Rodríguez, who also holds the title of Minister of Economy and Finance, to thoroughly analyze this possibility.

“We welcome this initiative which is adding to the necessary process of de-dollarization of world trade,” he stressed.

He added that the world should become more multipolar, multicentric and “will see a basket of currencies for financial operations, moving towards equilibrium.”

He explained that de-dollarization has been initiated in response to the political use of the dollar by the United States government, a country that uses the currency illegally to sanction sovereign countries.

“The world reaches a point where it gets tired. In addition, new economic forces are emerging, perhaps this Zimbabwean initiative – which we welcome – is heading in that direction. These are initiatives that add to a fairer de-dollarization process,” he closed.

Nation World News Desk
Nation World News Desk
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