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Citibank closes the Venezuelan government accounts

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rocky
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Citibank closes the Venezuelan government accounts

Post by rocky on Tue 12 Jul 2016, 7:05 am

Citibank closes the Venezuelan government accounts






2016/07/12 | 13:01

(Encyclopedia of the day for news | News Iraq ) -

Special - NEN Iraq


Venezuelan President Nicolas Maduro announced that "Citibank" plans to close his accounts in foreign currency within a month, denouncing the move by a foreign financial intermediaries to the government as part of the "siege."

Maduro said in a speech "without warning says Citibank that it will close within 30 days, the central bank accounts and the Bank of Venezuela," and added that the government was using this American Bank in transactions in the United States and globally, Msttrda: "Do you think you Stoagafonna laying siege to Mali? No, nothing stops Venezuela. "

This procedure was among several actions taken by foreign companies Calanzhab or curtail operations in Venezuela, in light of the crisis faced by the country's economy.

Critics say the socialist policies of Maduro and his predecessor, the late Hugo Chavez represents a disaster for Venezuela, while the government blames on political opponents and local businessmen in waging an "economic war" against it.

It is noteworthy that the Venezuelan government relies on "Citibank" in foreign currency trading, because of the severe restrictions on the currency since 2003.



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