Venezuela to Inject $300 Million from Oil Revenues into Foreign Exchange Market

Venezuela plans to inject $300 million from oil revenues held in a Qatar-based trust into its foreign exchange market through private banks. This move aims to alleviate the dollar shortage caused by U.S. sanctions and oil tanker seizures, which disrupted the country's main revenue source. Acting President Delcy Rodriguez stated that proceeds from recent oil sales authorized by the U.S. will be channeled via the central bank to support companies needing foreign currency for imports, helping stabilize the bolivar amid recent volatility.