CARACAS, Jan 25 (Reuters) - Venezuela will hold its new DICOM currency exchange auctions in euros, the central bank said on Thursday, as the socialist government seeks to move away from transactions in U.S. dollars.
President Nicolas Maduro's government, which is called a "dictatorship" by Washington and faces some U.S. financial sanctions, has also begun pricing its oil barrel in yen.
The DICOM system, which had been dormant since late last year, used to offer dollars for bolivars. (Reporting by Corina Pons; Writing by Andrew Cawthorne; Editing by Leon Wietfeld)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.