At the same time, he also announced that in the official foreign exchange auction system will gradually put into a basket of currencies to replace the dollar.

Why does Venezuela use RMB?
Venezuela's "DICOM" official exchange rate system, according to the central bank data, under the system, 1 U. S. dollars to 3345 Venezuelan Bolivar. According to the latest official exchange rate, 1 US dollars can only be exchanged for 10 Bolivar, but it can be exchanged for 20193 in the black market. Economists say the difference between the official and exchange rates breeds corruption.
The oil rich Venezuela is experiencing a major economic and social crisis, with millions of people without food and medicine, while inflation is among the highest in the world. The Congress, controlled by the opposition, said the monthly inflation rate rose to 34% in August.
Last month President Trump signed an executive order prohibiting U.S. financial institutions involved in the Venezuelan government and state-owned Venezuelan oil company of new debt and equity trading, the United States banned organizations involved in the public sector is now part of Venezuela issued bond trading.
The renminbi rose ten against the dollar
Over the past few days, the RMB against the U.S. dollar successfully completed ten consecutive gains, the current upward momentum is still strong.
Beijing time on September 8th, the central parity of RMB against the U.S. dollar reported 6.5032, up 237 points, this is the central parity of RMB against the U.S. dollar for the tenth consecutive trading day up, the highest since the beginning of 2011 even up.
Over the past week, the renminbi has appreciated not only against the dollar, but against the euro. The central parity of RMB against the euro continued to rise from 7.9333 in August 29th to 7.7841.