Venezuela to trade in dollars, U.S. Treasury official says

U.S. Treasury Secretary Scott Bessent declared that Venezuela will adopt U.S. dollars for its trade, positioning the currency as the "central axis" of its commerce. "The new Venezuela will invoice in dollars," Bessent stated in an interview with CNBC, adding that the country, which was previously restricted from dollar transactions, will now use it for its economic activities.

These comments come months after the U.S. arrested Venezuelan President Nicolás Maduro and his wife, Cilia Flores, in January on charges including narcoterrorism and cocaine trafficking. Maduro and Flores are currently held in a federal prison in Brooklyn, New York. Following their capture, Delcy Rodríguez assumed the role of interim president, and the interim government has opened strategic sectors like oil, mining, and electricity to international investment with parliamentary support.

Bessent also highlighted that Iran will similarly "invoice in dollars," asserting that U.S. actions are reinforcing the dollar's role. He further predicted that Russia, upon resolution of the conflict in Ukraine, would "want to return to the dollar system" due to its liquidity and capital markets. "The dominance of the dollar is essential," Bessent concluded, emphasizing its crucial position in the global monetary system.

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No se le permitía convertir ni realizar transacciones en dólares y ahora el dólar va a ser el eje central de su comercio