Venezuela to resume dollar sales after US oil blockade disruption

Venezuela is announcing the resumption of dollar sales after disruptions caused by the US oil blockade. This policy reflects the government's intent to stabilize the economy and promote the use of dollars for domestic transactions. The resumption of dollar sales suggests a relaxation of restrictions on the international market, potentially increasing the demand for dollars especially in imports. While this could signify some recovery for Venezuela's economy, the long-term implications remain uncertain. The economic impact of utilizing dollars in international transactions may enhance Venezuela's ability to acquire foreign currency. However, how this resumption will influence the market is a key point to monitor, particularly the government's capacity to manage price fluctuations. Nonetheless, this decision carries inherent risks. Amid ongoing international sanctions, the sustainability of this policy is being questioned, along with the government's credibility. Additionally, the increase in demand for dollars could lead to advancing inflation in the domestic market, warranting caution.