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chavez has done things like this
before. trading oil on barter and stuff like that. heh.
-vmann
Venezuela mulls switching
some oil sales to euros
CARACAS: Venezuela said on Thursday it was considering switching
some oil sales from dollars to euros to defend against the falling value of the
US currency.
Venezuelan Oil Minister Rafael Ramirez made the comments in
an interview on local television ahead of an OPEC meeting in Caracas on
Thursday. We have been evaluating some transactions in euros and some in
dollars, Ramirezsaid.
He said Venezuela sells most of its oil to the
United States but has some sales to Europe and plans to double exports to China.
Other OPEC members have previously rejected switching away from the dollar, the
currency in which oil futures are traded in markets in London and New York.
reuters
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