Venezuela is moving its oil sales to non dollar currencies.
The last guy to do this was Saddam Hussein in 2000, and it was seen as a challenge to the position of the US dollar as the world’s reserve currency, and we know how that turned out.
Venezuela is moving its oil sales to non dollar currencies.
The last guy to do this was Saddam Hussein in 2000, and it was seen as a challenge to the position of the US dollar as the world’s reserve currency, and we know how that turned out.
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Maybe when Corbin is PM, they can use pounds.
On the other hand, this might be good. They won't have to sell to the US anymore.