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International Business Times
International Business Times
World
Merin Rebecca Thomas

U.S. Eases Bank Sanctions On Venezuela As Local Officials Protest Over Low Pay

The U.S. has eased sanctions on Venezuela's state-run financial system, allowing key institutions to resume using U.S. currency and access global markets.

The decision, announced by the U.S. Treasury, enables Venezuela's government-run banks to directly receive billions of dollars in oil revenue and reenter the U.S.-controlled financial system, a move aimed at easing pressure on the country's struggling economy.

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