Venezuela is preparing to resume dollar sales through banks in Caracas, offering its first significant dollar supply since mid-December. The move aims to stabilize the struggling bolivar following disruptions caused by a US oil blockade. Banks began collecting bids from corporate clients this week, though no funds had been disbursed yet, according to a Bloomberg report.

This development follows the Trump administration's recent authorization for two major global commodities traders to sell Venezuelan oil. The country's currency had become highly volatile after US military forces blocked oil exports, cutting off dollar supply and depriving the government of its main foreign earnings source. The situation worsened after the US captured Nicolas Maduro, weakening the bolivar more than 20%.

The parallel market saw the bolivar stabilize below 500 per dollar on Friday. The exact amount being offered remains unclear, as does the source of the funds. This intervention could help prevent a currency crisis, though its effectiveness depends on the scale of dollar sales and whether the US blockade continues.