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DAHBOO 77 - BIG MOVE! VENEZUELA BEGINS PUBLISHING OIL BASKET PRICE IN YUAN

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DAHBOO 77 - BIG MOVE! VENEZUELA BEGINS PUBLISHING OIL BASKET PRICE IN YUAN

Post  Jude on Fri 15 Sep 2017, 20:45



Two days after the WSJ confirmed Maduro's earlier threat that he would stop accepting US Dollars as payment for crude oil imports, Venezuela has done just that.

As a reminder, and as we reported previously, in an effort to circumvent U.S. sanctions, Venezuela told oil traders that it will no longer receive or send payments in dollars. As a result, oil traders who export Venezuelan crude or import oil products into the country have begun converting their invoices to euros.

Learn More:
http://www.zerohedge.com/news/2017-09...

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