US said to have eased Venezuela bank sanctions

 The United States decided to ease sanctions against the financial system in Venezuela, Axios reported on Tuesday, citing officials.

"This action supports [US President Donald Trump's] objective to revitalize the Venezuelan economy by reintegrating Venezuelan citizens into the U.S.-led global financial system," one source commented.

With this, big financial institutions in the country, including the state-run bank, will now be allowed to legally use the US currency. One source added that the move will also help with the development of Venezuela's oil sector, as well as bring stabilization to the new government.

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