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
Trump to Netanyahu: I will arrive in "Israel" on Sunday and deliver a speech at the Knesset.
Senior White House official to Al Mayadeen: The withdrawal will take less than 24 hours, after which the 72-hour period will begin.
Senior White House official to Al Mayadeen: After the Israeli government approves of the agreement, "Israel" will be required to withdraw to the demarcation line.
Al-Dali to Al Mayadeen: It is possible that the Rafah crossing will be opened in both directions in the coming hours to allow the wounded and ill to receive medical treatment.
Al-Rishq: What the occupation failed to achieve through genocide and starvation over two full years, it could not attain through negotiations.
Al-Rishq: Throughout every stage of the negotiations, our hearts and eyes were with our people in Gaza, that pure blood and those great sacrifices are bound by a pledge of loyalty and sacrifice.
Al-Rishq: The agreement is a national achievement par excellence, embodying our people's unity and alignment with the choice of resistance as the path to confronting the Zionist occupation.
Al-Rishq: This agreement stems from our historic responsibility toward our great people, our commitment to our legitimate rights, and it crowns the achievements of our resistance.
Hamas official Izzat al-Rishq: The ceasefire is the result of the great sacrifices and legendary patience of our people, as well as the strength and steadfastness of the resistance.
Palestinians in Gaza celebrate the declaration of a ceasefire.

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

Putin warns Europe on militarization, calls Gaza war a tragedy

Pezeshkian slams US proposal to trade uranium for sanctions relief

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

Tucker Carlson speaks at a memorial for Charlie Kirk, Sunday, September 21, 2025, at State Farm Stadium in Glendale, Arizona (AP)

Tucker Carlson: Israeli officers gave orders on Iran inside Pentagon

  • Politics
  • 2 Oct 2025
A Hamas fighter in combat fatigues stands before the ceremony for the handover of Israeli captives to the Red Cross in Nuseirat, central Gaza Strip, Saturday, February 22, 2025 (AP)

Hamas responds to Trump plan, backs Gaza withdrawal, exchange

  • Politics
  • 3 Oct 2025
Mossad’s secret role in Aldo Moro’s 1978 murder revealed

Mossad’s secret role in Aldo Moro’s 1978 murder exposed

  • Politics
  • 5 Oct 2025
The Palestinian resistance and the people of Gaza showed that after combating Israeli aggression for two years, they remain victorious in the face of oppression (Mahdi Rteil/Al Mayadeen English)

Al-Aqsa Flood two years on, a tale of victory

  • Politics
  • 6 Oct 2025

Coverage

All
War on Gaza

Read Next

All
An Israeli armored vehicle moves on a street of a local market during a military raid in the West Bank refugee camp of Balata, Wednesday, October 8, 2025 (AP)
Politics

Israeli settlers kill Palestinian youth near Ramallah amid raids

Russian Foreign Minister Sergey Lavrov speaks during the Moscow format consultations on Afghanistan in Moscow, Russia, Tuesday, Oct. 7, 2025 (AP)
Politics

Iran interested in resuming nuclear talks: Lavrov

International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a news conference at the International Monetary Fund (IMF) headquarters in Washington, April 25, 2025 (AP)
Politics

IMF head flags US budget, Europe Defense spending challenges

Prime Minister of Italy Giorgia Meloni addresses the 80th session of the United Nations General Assembly, Wednesday, Sept. 24, 2025, at UN headquarters (AP)
Politics

Meloni faces ICC complaint over Gaza genocide complicity with Israelis

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