Venezuela said it will shun the greenback and inject 2 billion euros ($2.3 billion) into its sinking economy as U.S. sanctions limit the cash-strapped nation’s access to capital markets.
Economy Vice President Tareck El Aissami said Tuesday that going forward all government auctions of foreign exchange would be quoted in euro, yuan and other hard currencies due to a so-called financial blockade imposed by the administration of U.S. President Donald Trump and the country’s political opposition.
