U.S. Eases Restrictions on Venezuelan Gold Sales to Alleviate Dollar Shortage

Deep News03-07 02:00

The Trump administration has opened the door for Venezuela to sell a portion of its gold to the United States, providing a significant boost to the country, which is facing a severe dollar shortage due to restrictions on its oil exports. According to a notice issued on Friday, the U.S. Treasury Department's Office of Foreign Assets Control has issued a license permitting certain activities involving gold originating from Venezuela. The easing of restrictions by Washington comes as U.S. Secretary of the Interior Doug Burgum visited Caracas this week. Following the arrest of Nicolás Maduro in January, the United States is seeking to revive oil and mineral production in the South American nation and enhance coordination with Venezuela's interim government.

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