Venezuela Ditches US Dollar: President Maduro Announces Shift

Venezuelan President Nicolas Maduro announced on Tuesday a significant shift in the country\'s economic strategy, signaling a move away from reliance on the US dollar. This announcement follows years of economic hardship and strict exchange controls. Maduro emphasized that Venezuela possesses sufficient foreign reserves to overcome economic “disruptions,” dismissing criticism of his administration’s policies.

According to reports, 7 de sept. de 2025, Venezuelan President Nicolas Maduro said on Thursday his cash-strapped country would seek to free itself from the U.S. dollar next week, using even the weakest alternative. This bold move aims to decrease dependence on the American currency in international transactions.

While previously embracing the US dollar as an "escape valve," as reported, Maduro now envisions a future where Venezuela operates independently of the dollar\'s influence. Después de años de estricto control de cambios y de sanciones a quienes cambiaran dólares en el mercado paralelo, el presidente Nicolás Maduro anunció que los.

Venezuela’s President Nicolas Maduro announced on Tuesday that his country will move forward and ditch the US dollar in economic transactions. The South American nation is actively exploring alternative currencies for trade and investment.

President Maduro further suggests that a global decline in the US dollar\'s dominance is inevitable. In his latest weekly update, Maduro points to US [policies and actions] as contributing factors to this anticipated shift.

El gobierno de Nicolás Maduro anunció el martes su intención de dejar de utilizar la moneda estadounidense para sus transacciones comerciales y como referencia del...

Stay tuned for more updates on this developing story as Venezuela navigates its economic future.