CONFIRMED: Venezuela dumps Dollar for good
The government of Venezuela has confirmed that it is ceasing the sales of its vast oil reverse in the US Dollar. The move will help the oil rich South American country dodge the unilateral sanctions recently passed by the US. US sanctions and threats of military action against Venezuela have been roundly condemned by both Russia and China.
Venezuela will begin trading oil in Euros. A similar move was made by the Iraqi government in the year 2000.