Wed. Apr 24th, 2019

USA plans a rescue and dollarize Venezuela if Maduro falls

USA plans a rescue and dollarize Venezuela if Maduro falls



The White House chief financial adviser, Larry Kudlow, revealed on Wednesday that the United States is working on a financial plan for Venezuela should its president, Nicolás Maduro, fall, which includes a bailout and dollarization of the country.

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Kudlow said during a ceremony in Washington that the US plans to use "banks, iPhones, applications and many smart ways to carry cash there," local media reported.

"And the cash will not be bolivars, they will be dollars, at least at the beginning because there is no demand for bolivars," he added.

Trump's economic adviser revealed that his office works hand in hand with the Treasury Department, the National Security Council and the International Monetary Fund (IMF).

"We will move fast," he said, in the event that Maduro leaves office or is deposed.

USA He has urged Maduro to abandon power and Trump himself has said on several occasions that "all options," including military, "are on the table" for the Venezuelan president to leave Miraflores.

Washington recognized in January the opposition leader Juan Guaidó as the legitimate president of Venezuela in an international offensive to obtain the exit of Maduro, which was joined by more than fifty countries, mostly American and European.

The offensive, which has included the toughest economic sanctions imposed to date against Caracas, has aggravated the crisis that the country has been experiencing for years.

Venezuela has been experiencing prolonged electrical blackouts for days that the Government of Maduro considers sabotage.

Guaidó, on the other hand, kept his private agenda on Wednesday after the National Constituent Assembly (ANC) yesterday gave the green light to the process against him at the request of the president of the Supreme Court of Justice (TSJ), Maikel Moreno.

In this way, the ANC withdrew, without saying so, the parliamentary immunity of Guaidó after accusing him of "terrorist acts" and "crimes against humanity".

Washington has warned that acting against Guaidó would be one of Maduro's "last decisions".

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