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

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)