#plasma $XPL
Venezuela will resume dollar sales after the interruption of the U.S. oil blockade.
It is said that Venezuela is preparing to resume dollar sales, which could help stabilize its currency, the bolívar, after the disruptions caused by the U.S. oil blockade.
Banks in Caracas began contacting corporate clients this week to offer the first significant government dollar sales since mid-December, according to a Bloomberg report on Friday. Reportedly, banks are receiving offers, although no funds had been disbursed as of Thursday.
The bolívar stabilized in the parallel market on Friday below 500 per dollar, according to quotes from cryptocurrency exchange platforms. The currency had experienced significant volatility since U.S. military forces began blocking oil exports, disrupting the supply of dollars and depriving the government of its main source of foreign currency income.