Wednesday 21/January/2026 – 07:31 AM
Acting Venezuelan President Delcy Rodriguez announced on Wednesday that her country had received $300 million from a deal to sell crude oil to the United States, indicating that it would use it to support the currency.
Selling Venezuelan oil to America
Delcy Rodriguez added that these proceeds will be directed to strengthening foreign exchange reserves and supporting the stability of the Venezuelan bolivar in the face of inflationary pressures and exchange market fluctuations, stressing that the deal comes within the framework of approved commercial and legal mechanisms, and falls within government efforts aimed at improving economic performance and securing urgent financial resources.
She stressed that the government is working to employ these resources to serve social and economic priorities, most notably protecting the purchasing power of citizens, supporting vital sectors, and ensuring the availability of basic goods, stressing that the oil sector still constitutes an essential pillar of the national economy, and that the current administration seeks to increase production and improve export conditions within what is permitted by the international legal framework.
She added that the recent oil revenues reflect a relative improvement in cash flows, stressing the government’s commitment to continuing economic reforms and enhancing transparency in the management of public resources, which contributes to achieving financial stability in the near and medium term.
