The Venezuelan state oil company, PDVSA, confirmed last week the start of negotiations for the sale of crude oil to the United States, under a strictly commercial operating scheme, similar to the one used with Chevron.

This was confirmed by PDVSA in a statement. Meanwhile, US Energy Secretary Chris Wright indicated that Washington will control the marketing of Venezuelan oil “indefinitely.”

“We are going to put the crude oil that is coming out of Venezuela onto the market, first this oil that is currently stuck, and then, indefinitely going forward, we will sell all the production that comes out of Venezuela on the market,” Wright stated at a Goldman Sachs energy conference in Miami.

Consequently, the sale of Venezuelan crude to US refineries and around the world will be permitted, “but those sales will be made by the US government and the proceeds will be deposited into accounts controlled by the US government.”

M.Pino

Source: elnacional

(Reference image source: Moritz Kindler on Unsplash)

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La entrada Venezuelan state oil company PDVSA confirms negotiations with the United States for oil sales apareció primero en Bitfinance.

Iran recently approved the use of cryptocurrencies within imports, specifically for the management of commercial transactions.

The regulations include the authorization for the use of digital assets throughout the customs management process, and also in the supply of fuel and electricity for mining.

The Central Bank of Iran has also agreed that imports can be processed in cryptocurrencies. People can now even import cars using digital assets instead of US dollars or euros, according to the report.

The Ministry of Industry, Mines and Commerce reported that in the coming months it will begin to significantly expand the use of this type of asset in the sector. Similarly, he stressed that this initiative also includes the allocation of licenses, among other things.

K. Tovar

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Source: DiarioBitcoin

La entrada Iran approves the use of cryptocurrencies in imports apareció primero en Bitfinance.

The Venezuelan ruler, Nicolás Maduro, announced during the presentation of his Report and Account before the new Parliament on Tuesday, January 12, that the opening of accounts in convertible currencies, at all levels, will be allowed so that merchants “can legally open their accounts in dollars ”and process their payment operations, duly supervised by Sudeban.

According to what was announced by the ruling party and Chavez leader, the purpose is to digitize the payment systems against these accounts, but the transactions will be processed in bolivars and “the conversion is made.”

Maduro pointed out that “the dollarization of trade is a beneficial escape valve” and now those mechanisms of resistance and survival must begin to “pay tribute to the State and the people”.

77% of transactions are done digitally

In his statement, Nicolás Maduro said that “the use of foreign exchange to boost the economy has been positive, dollarization has been an escape valve. It is essential to reaffirm the use of the Bolivar and regulate these new processes to make them more efficient ”.

He stressed that the exchange rate flexibility measures do not imply an abandonment of the bolivar, for which he stressed that “this year the use of the petro will be promoted”; through the implementation of payment methods based on the use of blockchain technology.

Regarding the loss of the value of the bolivar, Maduro denounced that “it is due to the financial blockade and the attack on the currency”, adding that “now there is a sustained recovery process, which combines a partial dollarization of trade, with the digital economy. 77% of the country’s commercial transactions are carried out digitally in Venezuela. The rest, 23% is made with dollars in cash on the street ”.

G. Febres

With information from El Sumario, international media and social networks

La entrada Maduro ratified the go-ahead and defended the use of accounts in convertible currencies apareció primero en Bitfinance.