Venezuela/Economy/Venezuela receives $300 million from US oil sale to support currency

Venezuela receives $300 million from US oil sale to support currency

Jan 21, 20268 sources

Also covers:United States

Venezuela’s oil belongs to Venezuelans US sanctions cause Venezuela’s humanitarian crisis

Summary

Venezuela has announced it received the first $300 million from an oil sale to the United States. The funds are intended to be used to support the country's national currency, which has been severely weakened. The sale was reportedly arranged under an agreement involving President Donald Trump.

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Venezuela says $300 mln US oil sale used to prop up currency - International - World

Jan 21

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