CARACAS - Venezuelan President Nicolás Maduro embraced the currency of his bitter rival the United States on Sunday, calling it an “escape valve” that can help the country weather its economic crisis amid US sanctions aimed at forcing him from power.
“It can help the recovery of the country, the spread of productive forces in the country, and the economy ... Thank God it exists,” the socialist leader said. “Venezuela will always have its currency ... we will always have the bolivar and we will recover it and we will defend it,” Maduro said in an interview with José Vicente Rangel, a leftist politician and vice president during the government of Hugo Chávez.
Opposition leader Juan Guaidó responded to Maduro’s dollarisation comments at a news conference later Sunday, saying Maduro had admitted another defeat.
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