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The US lifts sanctions on the Central Bank of Venezuela

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By Deutsche Welle

The United States Treasury Department announced that it is lifting sanctions against the Central Bank of Venezuelaas well as three other banking entities in the country.

Washington authorizes transactions and “financial services” with the Central Bank, as well as with the Bank of Venezuela, Banco Digital de los Trabajadores and Banco del Tesoro, according to license 57 of the Office of Administration of Foreign Assets (OFAC).

By “financial services”, OFAC understands the opening of bank accounts, loans, fund transfers, remittances or currency exchange, among other operations.

The sanctions of the US Treasury Department are particularly harmful for banks and companies that want to use services that are very common in the international economy.such as accounts with access to credit cards.

The United States has accelerated the lifting of sanctions against Caracas since interim president Delcy Rodríguez took power following the capture and exfiltration from the country of Nicolás Maduro in January, who faces drug trafficking charges in a New York court.

The Treasury supports the reintegration of Venezuela into the IMF

The Secretary of the Treasury of the United States, Scott Bessent, supported and praised this Tuesday the work of the International Monetary Fund (IMF) to reincorporate Venezuela and make it an “unusual economy.”

“The IMF is working to reincorporate Venezuela and make it seem like an unusual economy”Bessent said during a forum at the financial organization’s spring meetings being held in Washington this week.

Venezuela that formally “are returning to a good trajectory,” Bessent celebrated.