The administration of the President of the United States and develops solutions on the prohibition of international payment systems Visa and Mastercard to serve representatives of the Venezuelan authorities and individual citizens of the country, close to the current President Nicolas Maduro.
As the representative of the White house while the decision is still pending and is in the development stage. According to the official, the sanctions will not touch the ordinary people of Venezuela: they will continue to be able to pay with payment cards and to remove from them the cash, reports Reuters.
Recall that because of corruption and inefficient management of the economy Venezuela is almost exhausted foreign exchange reserves required for the purchase abroad of foodstuffs, medicines and basic necessities. These factors have already caused a mass migration of people from the country. The UN has estimated that Venezuela in 2015 left 2.7 million people, the total number of migrants from this country today stands at 3.4 million. And the IMF predicts that Venezuela’s inflation of a million percent. A similar situation was observed in Germany in 1923 and Zimbabwe in the late 2000s.