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Maduro Rules Out Dollarizing Venezuela's Economy

President Nicolas Maduro has ruled out dollarizing Venezuela's economy as a way to resolve the recession-hit OPEC nation's chaotic currency situation. Speculation Venezuela could adopt the U.S. currency emerged after news this month that some local divisions of foreign car companies might charge in dollars due to their difficulties in obtaining greenbacks under the nation's currency controls. But Maduro, the successor to socialist leader Hugo Chavez, said such talk was far...

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