Caracas, Jan 22, 2026 (AFP) - Venezuela looks to petrodollars to bring down prices

NAMPA / AFP

2026-01-22

The United States' grab for Venezuela's oil, while shocking, may yet provide a short-term boost for the South American nation's haggard economy. This week, interim President Delcy Rodriguez said her country had received $300 million from Washington's sale of Venezuelan crude -- money used to prop up the ailing local currency, the bolivar. The dollars were injected into the domestic foreign exchange market to narrow a growing gap between the forma......

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