Economics

U.S. Plans to Send Dollars to Venezuela If Maduro Falls

  • Kudlow says U.S. ‘will move rapidly’ if leadership changes
  • Would use smart phones, apps, banks to deliver cash quickly
A mural of Nicolas Maduro, Venezuela's president, is seen on the wall of a building in the Jose Felix Ribas neighborhood of the Petare slum in Caracas.Photographer: Ignacio Marin/Bloomberg
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The Trump administration is considering pumping U.S. dollars into Venezuela through banks, smartphones and apps if the regime of Nicolas Maduro fails, President Donald Trump’s top economic adviser said.

The U.S. is already in talks with Juan Guaido -- the Venezuelan opposition chief the U.S. has recognized as the nation’s leader -- to develop an economic rescue and restructuring plan for the country that could begin immediately, should Maduro step down or be deposed, National Economic Council Director Larry Kudlow said Wednesday at an event in Washington hosted by the Christian Science Monitor.