Venezuela's President Nicolas Maduro (C) gestures as he speaks during a session of the National Constituent Assembly at Palacio Federal Legislativo in Caracas, Venezuela September 7, 2017. Miraflores Palace/Handout via REUTERS
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Venezuelan President Nicolas Maduro said his cash-strapped country would seek to "free" itself from the U.S. dollar next week, using the weakest of two official foreign exchange regimes and a basket of currencies.Maduro was referring to Venezuela's "DICOM" official exchange rate in which the dollar buys 3,345 bolivars, according to the central bank.A thousand dollars of local currency bought when Maduro came to power in 2013 would now be worth only $1.20 .Maduro says this is part of an "economic war" waged by the opposition and Washington, with the aim of ousting his unpopular incumbent government.
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