Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
The Mujahideen Movement: The two were killed along with dozens of others from their family in a cowardly Zionist assassination that targeted the Sabra neighborhood today
The Palestinian Mujahideen Movement mourns the martyrdom of its Secretary-General, Asaad Attiya Abu Sharia "Abu Al-Sheikh", along with his brother Ahmad
Abu Zaid: I believe that the Iranian operation was multi-layered, combining cyber and electronic attacks with coordinated on-the-ground infiltrations by agents
Abu Zaid: Usually, archives of such sensitivity are typically protected by a full-scale security system, but it appears that Iranian intelligence managed to make use of a gap in it
Strategic military expert Nidal Abu Zaid: Iran has stripped "Israel" of the superiority and deterrence long boasted by its security minister, chief of staff, and other top officials
Fallahpour: Iran may use these documents in its battle with the United States and Western countries over its nuclear program
Fallahpour: Iran may have obtained additional documents related to "Israel's" regional projects, not just its nuclear program
Fallahpour: The coming weeks will be full of surprises, as Iran has forced Israeli intelligence agencies into a state of psychological exhaustion
Al Mayadeen's correspondent in Tehran, Siavash Fallahpour: Iran has redefined the concept of deterrence, shifting it away from traditional military balance toward a new strategic framework
Sources to Al Mayadeen: Number of documents so great that merely studying them, along with accompanying images and footage will require a great deal of time.

Venezuela to diversify currencies for sanction relief: Deputy UN envoy

  • By Al Mayadeen English
  • Source: Agencies
  • 11 Aug 2024 11:00
2 Min Read

President Nicolas Maduro stresses that the dominance of a single currency has compelled countries to subordinate themselves, highlighting the need for diversification.

Listen
  • x
  • Venezuela's Deputy Envoy to the UN Perez Ayestara, seen here on June 20, 2024, at the UN. (X/ UNAOC)
    Venezuela's Deputy Envoy to the UN Perez Ayestara, seen here on June 20, 2024, at the UN. (X/ UNAOC)

Venezuela believes diversifying trade currencies is essential for achieving greater freedom and mitigating the effects of sanctions, Deputy Permanent Representative to the United Nations Joaquin Perez Ayestaran told Sputnik.
 
“We do believe that the time has come to diversify the basket of currencies in which we conduct legal trade in our nations, it will liberate us and it will also serve as a way to overcome the negative impacts of unilateral coercive measures that affect many of our countries, including some that are part of BRICS,” Perez Ayestaran said. 
 
He further noted that the dominance of a single currency has compelled countries to subordinate themselves, highlighting the need for diversification.
 
“We feel that there is one particular currency that has been dominating the financial system for some time, and it has allowed for the subordination of some countries, not only in terms of the economy, but also in terms of sovereignty, and fiscal sovereignty,” Ayestaran told Sputnik. 

Maduro: Venezuela to move forward on path of abandoning dollar

He added that Venezuela believes that countries should be able to trade in their currencies and wants to have a multi-currency system.

Related News

Algeria joins BRICS’s new development bank

About 24% of BRICS investment transactions made in national currencies

This comes after Maduro announced last year in May that his country will move forward on the path of abandoning the dollar in economic transactions.

Speaking to local media, Maduro said, "This is the path of Venezuela and the path of a free economy where currencies are not used to punish countries and impose sanctions."

Record inflation in the West has pushed countries around the world to find alternatives to the US dollar and its financial institutions, in an indication of the Yuan's rising international significance.

It is worth noting that Venezuelan Foreign Minister Yvan Gil announced earlier this month that President Maduro has been invited to the upcoming BRICS summit, scheduled to be held in Kazan, Russia, this October.

"[Russian] President Vladimir Putin invites President Maduro to attend the leaders' summit of the BRICS+ countries," the minister said on X and posted the letter sent by Putin to Maduro.

  • BRICS
  • Venezuela
  • Joaquin Perez Ayestaran
  • US dollar
  • Nicolas Maduro

Most Read

Lebanon's PM Nawaf Salam meets with US envoy Morgan Ortagus in Beirut on April 5, 2025 (Dalati Nohra via AP)AP)

Morgan Ortagus to exit US role in Lebanon amid policy shift

  • Politics
  • 1 Jun 2025
A Palestinian woman mourns as she embraces the body of her daughter Mayar Abu Odeh, 8, who was killed in an Israeli army strike on Gaza. at Al-Shifa Hospital in Gaza City, Wednesday, June 4, 2025. (AP)

French port workers block arms shipment to 'Israel' amid Gaza genocide

  • Politics
  • 4 Jun 2025
New Syrian group claims Golan strike, vows resistance to 'Israel'

New Syrian group claims Golan strike, vows resistance to 'Israel'

  • Politics
  • 4 Jun 2025
Palestinians struggle to get donated food at a community kitchen in Khan Younis, southern Gaza Strip, Monday, June 2, 2025. (AP)

Boston Consulting Group withdraws from GHF

  • Palestine
  • 3 Jun 2025

Coverage

All
War on Gaza

Read Next

All
https://english.almayadeen.net/news/politics/pentagon-chief--nato-likely-to-back-trump-s-5--defence-spend
Politics

Europe spent $3 trillion on defense, but got little in return - FT

Power, parties, and scandal: Trump’s ties to Epstein: Telegraph
Europe

Power, parties, and scandal: Trump’s ties to Epstein - The Telegraph

Eilat port as seen from the sea, occupied Palestine, March 12 2009 (wikimedia commons)
Politics

YAF operations forced 80% plunge in Eilat port revenues in 2024

EU backs International Criminal Court after US sanctions judges
Europe

EU backs International Criminal Court after US sanctions judges

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS