Banks in Venezuela begin selling cash dollars with physical remittances allocated by the Fed
The arrival in Venezuela of physical remittances allocated by the US Federal Reserve has allowed banks to begin selling cash dollars
Last week, Venezuela resumed selling cash dollars thanks to the arrival of physical remittances sent by the U.S. Federal Reserve.
With this measure, Venezuela’s foreign exchange market receives a new boost, since until now the system operated almost exclusively with electronic currency.
Ver esta publicación en Instagram
The allocation of foreign currency to the country was mainly done digitally, through transfers or international cards.
With the lifting of sanctions on the Central Bank of Venezuela, communication with the Federal Reserve was re-established, and subsequently, the delivery of batches of physical banknotes in denominations of $50 and $100 was enabled.
M.Pino
Source: finanzasdigital
(Reference image source: Aldward Castillo on Unsplash)
Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram
