According to the UN, the harsh situation in Venezuela, caused by IMF and US sanctions, forced more than 2.3 million people to leave the country this summer in search of better life in Colombia, Ecuador, Peru and Brazil.
The American “financial blockade” of Venezuela affects both the country’s public and private sectors, including pharmacy and agriculture, and shows “just how far the imperialism can go in its madness.
The country’s Vice President for Economy, Tareck El Aissami, announced that Venezuela is abandoning the US dollar, with all future transactions on the Venezuelan exchange market to be made in Euro’s this year.
El Aissami said, that the American restrictions were illegal and against international law. The vice president added that all private banks in Venezuela are obligated to participate in the Dicom bidding system.
The government is going to sell 2 billion Euro’s between November and December to allow the public to purchase the European currency “at a real, non-speculative rate.
Washington is not hiding its desire to see Venezuela’s socialist President, Nicolas Maduro, removed from power. Trump administration even spoke of the possibility of the so-called “humanitarian intervention” into the country.
Last year, the US imposed more sanctions prohibiting trading new debt and equity issued by the Venezuelan government and state oil company, PdVSA.
The US Department of Treasury also introduced several rounds of restrictions against Venezuelan top government officials. Maduro was among those blacklisted and called it “an honor.”
RT.com / ABC Flash Point Curreny News 2018.