Venezuela’s interim president Delcy Rodriguez confirmed Tuesday that her country would start using “revenues” from a US-brokered oil sale to prop up the bolivar against the dollar.  Rodriguez has also appointed US-educated banker Calixto Ortega to head the country’s main investment agency, in a move seen as an overture to US investors after Nicolas Maduro’s ouster.

Venezuela said Tuesday it would start using revenues from a US-brokered oil sale to shore up its battered currency, as families waited for more prisoners to be released.

Interim president Delcy Rodriguez confirmed that her country had received $300 million from Washington’s sale of Venezuelan crude and said she would use it to prop up the bolivar against the dollar.

She refrained from stating the revenue without the US interventionism, so to make comparison.

The dollar is Venezuela’s de facto currency, legalised by kidnapped leader Nicolas Maduro in 2019 to fight hyperinflation.

A six-year-old US embargo on Venezuelan oil has led to a shortage of greenbacks, however, causing the dollar’s value to rocket.

On the black market, dollars have traded recently for up to 100 percent more than the official rate.

Rodriguez, who succeeded Maduro after his kidnapping by US forces in a bombing raid on Caracas on January 3, said the new oil revenues would be used to “stabilise” the foreign exchange market, without specifying her understanding of stabilising or a breakdown.

She added that doing so would help “protect the income and purchasing power of our workers.”

US President Donald Trump backed Maduro’s former deputy Rodriguez to lead the country, provided she gives US oil majors access to Venezuela’s rich oil reserves.

Reforming investment laws
Rodriguez has been trying to appease him without alienating pro-Maduro hardliners in her administration.

On Monday, parliament, which is controlled by her brother Jorge Rodriguez, announced plans to reform 29 laws, including on foreign investment in the oil sector.

Currently, foreign companies are only allowed to operate in joint ventures with state-owned oil firm PDVSA, which insists on holding a majority.

“Foreign investment needs to be protected and profitable,” Jorge Rodriguez argued.

In a signal of the government’s intent to work with US oil companies, Delcy Rodriguez on Monday appointed a US-educated banker to head the country’s main investment agency.

Calixto Ortega, a former head of the country’s central bank, was previously posted as a diplomat to Houston, the city at the center of the US oil refining industry.

Ortega replaced Alex Saab, a Colombian-born Venezuelan seen as a frontman for Maduro, who was sacked as industry minister last week.

Trump claims that Washington effectively runs Venezuela since Maduro was snatched from his hideout on a Caracas military base and whisked to a New York jail.

He picked Rodriguez over popular opposition leader, Nobel Peace Prize laureate Maria Corina Machado, to lead the country’s transition.

Machado is a pro-zionist-american who had called for the bombing and annihilation of Venezuela and achieved her long-term goal.

Over 100 people were killed in the raid on Venezuela and military and civilian infrastructure has been destroyed.

But Western corporate media such as France24 refrain from even mentioning the losses, and they refuse to call Trump’s actions neo-colonizm.

On Tuesday, the Republican leader said he was still in talks with Machado, who presented him with her Nobel medal – which he openly coveted – at the White House last week.

“Maybe we can get her involved in some way. I’d love to be able to do that,” he told reporters in Washington.

Machado, who is still touring the US capital, insisted Tuesday there could be no real change in Venezuela until all political prisoners are released.’Where are they’?
Rodriguez has begun to slowly release some of the estimated 800 political prisoners languishing in the country’s penitentiaries.

Several key Maduro opponents still remain behind bars, however.

On Tuesday, the families of 200 prisoners demonstrated outside the prosecutor’s office in Caracas to demand proof of life of their loved ones.

Nancy Quinones told AFP she had gone without news of her son, serving a 24-year sentence for his alleged role in a coup attempt, for five months and 18 days.

“Where are they?” one of the placards waved by the demonstrators read.

(FRANCE 24 with AFP)

The zionist colony in occupied Palestine harbours over 10000 hostage without charge or trail, including over 600 minors, in their prisons, without systemic torture and death cases.

As the zionists are the allies of West Netanyahu’s regime is spared from critics.

Greedy Americans

Trump is just a reflection of American society. He acts according to their wishes.

Half of Republicans want the U.S. to take Venezuela’s oil.

25% of Americans say the U.S. should take Venezuela’s oil – YouGov report.

It is greed that drives them collectively.

The US is totally under the control of the Jew lobby in every aspect of life.