CERAWEEK-Circulation of US dollars is increasing in Venezuela, US State Department says

HOUSTON, March 24 (Reuters) - More U.S. dollars have circulated in Venezuela's economy in the last two months than in the whole of 2025, Calebb Orr, Assistant Secretary of State for Economic, Energy, and Business Affairs at the U.S. Department of State, said Tuesday at the CERAWeek conference in Houston.

"We're really resetting the relationship and helping recover the country, to recover its economy and using U.S. investment to do that," he said. The funds are resulting from oil sales, following a flagship agreement this year between Caracas and Washington for the supply of Venezuelan oil.