Venezuela Says $300-mn US Oil Sale Used to Prop Up Currency

By
Venezuela Says $300-mn US Oil Sale Used to Prop Up Currency
Venezuela's interim President Delcy Rodriguez. AFP
Share:

Venezuela’s interim leader Delcy Rodriguez said Tuesday that her country has received $300 million from a US sale of Venezuelan crude and she will use it to prop up her country’s battered currency, the bolivar.

Rodriguez said the sum from a $500 million sale conducted by Washington would be used to “stabilize” the foreign exchange market “to protect the income and purchasing power of our workers.”

Washington last weekend said US President Donald Trump brokered a “historic energy deal” that would “benefit the American and Venezuelan people.” (AFP)

Eagle Intel Report authors
EIR

Eagle Intelligence Reports is a trusted global platform specializing in delivering insightful political and strategic analysis as well as exclusive intelligence to decision-makers, researchers, and audiences engrossed in modern international affairs.

SIGN UP FOR FREE TO EAGLE INTELLIGENCE REPORTS

Exclusive Insights & Reports

Get access to in-depth analysis, exclusive intelligence, and expert reports designed to keep you informed and ahead of the curve on the most important global developments.

By signing up, you agree to our Privacy Policy.

What to read next...
Trump Rejects Saudi Request for U.S. Strikes on Houthis
Trump Rejects Saudi Request for U.S. Strikes on Houthis
By
From right: Russian President Vladimir Putin, Foreign Minister Sergei Lavrov and Kremlin spokesman Dmitry Peskov
Russia Threatens Nuclear Targeting if Lithuania Hosts Nuclear Weapons
By
Putin, Xi and Pezeshkian Converge for BRICS Summit
Putin, Xi, and Pezeshkian Converge for BRICS Summit
By
Trump Links Iran War’s End to U.S. Midterms
Trump Links Iran War’s End to U.S. Midterms
By
Argentina Escalates Falklands Dispute Over British-Israeli Oil Project
Argentina Escalates Falklands Dispute Over British–Israeli Oil Project
By
U.S. Tech Giants Expand Global AI Footprint
U.S. Tech Giants Expand Global AI Footprint
By
Iran Attacks U.S. Targets as Hormuz Conflict Escalates
Iran Attacks U.S. Targets as Hormuz Conflict Escalates  
By
UK, France Among 12 Countries Targeting Israeli Settlement Trade
UK, France Among 12 Countries Targeting Israeli Settlement Trade
By

SIGN UP FOR FREE TO EAGLE INTELLIGENCE REPORTS

Exclusive Insights & Reports

Get access to in-depth analysis, exclusive intelligence, and expert reports designed to keep you informed and ahead of the curve on the most important global developments.

By signing up, you agree to our Privacy Policy.

Eagle Intelligence Reports
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.