Socialism, the Seattle version.
Archive for September 9th, 2017
Seattle Socialist Loses It; Attacks Amazon After It Announces That It is Looking for a Location for a ‘Second’ Headquarters
09
Sep
Venezuela Is About to Ditch the Dollar in Major Blow to US: Here’s Why It Matters
09
Sep
(“ANTIMEDIA) — Venezuelan President Nicolas Maduro said Thursday that Venezuela will be looking to “free” itself from the U.S. dollar next week, Reuters reports. According to the outlet, Maduro will look to use the weakest of two official foreign exchange regimes (essentially the way Venezuela will manage its currency in relation to other currencies and the foreign exchange market), along with a basket of currencies. According to Reuters, Maduro was referring to Venezuela’s current official exchange rate, known as DICOM, in which the dollar can be exchanged for 3,345 bolivars. At the strongest official rate, one dollar buys only 10 bolivars, which may be one of…”
Source: Venezuela Is About to Ditch the Dollar in Major Blow to US: Here’s Why It Matters