The United States issued two new general licenses allowing financial transactions with some Venezuelan banks and ‌government officials, the U.S. Treasury Department announced on April 13.

The authorizations cover Venezuela's central bank, which the United States sanctioned in 2019, and three state-owned financial institutions, and it will allow companies to operate, pay and move money from Venezuela in the international financial system for the first time since 2017. The U.S. Treasury also lifted ​sanctions against Venezuela's former inspector general, Reinaldo Munoz. The sanctions relaxation comes amid an increase in dollar supply on the back of growing oil exports under U.S. oversight following the Jan. 3 capture of then-President Nicolas Maduro.