Dollar circulation increases in Venezuela, says US State Department at CERAWeek conference
More US dollars have circulated in the Venezuelan economy in the last two months than in all of 2025, said Under Secretary of State for Economic, Energy and Business Affairs of the US Department of State, Calebb Orr, on Tuesday at the CERAWeek conference held in Houston. By Market Screener "We are really restarting the relationship [...]
TL;DR
- More US dollars circulated in Venezuela in the last two months than in all of 2025.
- The increase is linked to oil sales following a deal between Caracas and Washington.
- The US sees this as an effort to restart the relationship and help rebuild Venezuela's economy.
- American investment is being used to achieve economic recovery in Venezuela.