12 de julio de 2016 11:05 AM
Actualizado el 12 de julio de 2016 11:13 AM
Venezuelan President Nicolás Maduro on Monday said that US bank Citibank would close in 30 days time the government’s foreign currency accounts, a move the official labeled as “financial blockade.”
“Today (Monday) we received the notice of Citibank, (a finance company with) which we pay all the country’s bills for transactions in the United States and worldwide. It (the bank) claims it will close the accounts of the Central Bank of Venezuela (BCV) and the (state-run) Bank of Venezuela (BDV),” Maduro added, as reported by Reuters.
Venezuela is governed by a strict forex control that limits access to dollars, hence BCV and the country’s major bank Banco de Venezuela use Citibank as an intermediary for foreign currency transactions.
Citibank, consumer business of multinational investment banking corporation Citigroup, is one the world’s largest banks, yet with little presence in Venezuela.