Spanish
Caracas.- The acting president of Venezuela, Delcy Rodríguez, announced this Tuesday the entry of 300 million dollars to the country "product of the sale of oil", days after Washington announced an agreement to sell crude oil from the South American country for 500 million dollars.
"Of the first 500 million, 300 million have entered", Rodríguez affirmed during a visit to a commune base in Caracas, in an event broadcast by the state channel Venezolana de Televisión (VTV).
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According to what was indicated, these revenues will be used to "cover and finance" the income of the workers, as well as "protect it from inflation" and the "negative impact of fluctuations in the exchange market". The legal currency of Venezuela is the bolívar, but the US dollar -and sometimes, the euro- are used as a reference for setting prices of goods and services. The official exchange rate is set by the Central Bank of Venezuela (BCV). However, there is a parallel market with a higher value, which has caused a gap between the exchange rates, so products may have different prices depending on the currency used for the purchase. As explained last week, the acting president reiterated that these revenues from the sale of crude oil will be "used and employed" through the foreign exchange market, in the national banking system and through the BCV, "to consolidate and stabilize the market," she added. Last Thursday, White House spokeswoman Karoline Leavitt highlighted an agreement reached between Washington and Caracas, valued at 500 million dollars, by which the U.S. will market up to 50 million barrels of Venezuelan crude oil and manage the revenues before transferring them to the South American country. Leavitt then stated that the government in charge of Delcy Rodríguez has complied with "all the demands and requests" of the Donald Trump Administration. Rodríguez assumed the Executive after the U.S. attacks in Caracas and three other states that ended with the capture of the Venezuelan president, Nicolás Maduro, and his wife, congresswoman Cilia Flores, who remain incarcerated in New York. Since then, Trump claimed he asked for "full access" to Venezuelan oil resources, while his Energy Secretary, Chris Wright, assured that the U.S. will control the sale of Venezuelan crude oil for an "indefinite" time.
