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Petróleos
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de Venezuela
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President Maduro: Venezuela already trades its oil and all its products in a basket of currencies

PDVSA.COM /
Friday, 15 September 2017

Caracas.- In an address broadcast from Miraflores Palace, President of the Bolivarian Republic of Venezuela, Nicolás Maduro, celebrated that since Friday 15 the price of Venezuelan oil is published in the Chinese currency yuan. "Venezuela is already trading its oil and all its products in a basket of currencies," he said.

"We are already selling oil and all our products in a basket of currencies, and starting this Friday is being traded in yuans,  the new currencies of the new world. Venezuela is on the financial vanguard against neoliberalism”.

This reflects the announcement he made on September 7th to the effect that Venezuela would implement new strategies with the aim of liberating the nation from the oppression of the dollar.

"Three weeks ago, US President Donald Trump launched a series of illegal, arbitrary and aggressive sanctions against Venezuela. We now have several oil ships in the United States and they can’t pay us for them because of the sanctions encouraged by Mr. Julio Borges and decided by Trump against Venezuela”, he said.
 
In his address, President Maduro said that the Trump-Borges sanctions have hurt US oil investors who are currently doing business with Venezuela.

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