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Features Australia

Usurping the dollar

US rivals are desperate to create an alternate reserve currency

9 December 2023

9:00 AM

9 December 2023

9:00 AM

As Venezuela’s economy crumpled heading into 2017, the US thought President Nicolás Maduro was vulnerable in elections for governorships that year and for the presidency in 2018. To pressure Maduro to conduct fair polls, Washington turned to economic sanctions.

Wham! In February 2017, Maduro’s vice president had his US assets iced.

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