In this issue: Argentine Peso plunges against the U.S. dollar, Venezuela and Russia agree to develop a joint SWIFT alternative, and Bitcoin mining is still paused in Venezuela.
In this issue: the Argentine Peso plunges against the U.S. dollar, Venezuela and Russia agree to develop a joint SWIFT alternative, and Bitcoin mining is still paused in Venezuela.more than 10% against the U.S. dollar during the last week, going from less than 400 pesos per dollar in the informal blue exchange rate to more than 440 on April 21.
Brazil on his Latam tour, Venezuelan Foreign Minister Yvan Gil stated that such a system was already in development.The technical teams of the Central Bank of Venezuela and the Bank of Russia are working on the exchange of financial messages to go to a system where we free ourselves from the hegemonic dollar as a regulator of commercial transactions.from the SWIFT network that Russian banks suffered in 2022 as a result of the wide package of sanctions enacted by Western nations on Russia.
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