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More information about Venezuela is available on the Venezuela Page and from other Department of State publications and other sources listed at the end of this fact sheet. S.-VENEZUELA RELATIONS The United States established diplomatic relations with Venezuela in 1835. S.-Venezuelan bilateral relationship has been tense in recent years. Venezuela is currently subject to certain restrictions on U. Pursuant to section 40A of the Arms Export Control Act, the Department of State since 2006 has annually determined that Venezuela was “not cooperating fully” with U. Bilateral Economic Relations The United States is Venezuela's largest trading partner. goods exports to Venezuela totaled $8.3 billion in 2015, down 25 percent from 2014.

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It had also said interbank trading under the new guidelines would begin today, while tenors and rates for the naira-settled OTC FX Futures would be announced on .

Union bank forex department:

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