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  • Julio Borges, president of the National Assembly, participates in a rally against Venezuela

    Julio Borges, president of the National Assembly, participates in a rally against Venezuela's President Nicolas Maduro in Caracas. | Photo: Reuters

Published 23 April 2017

The opposition leader's plan is to prevent the government from receiving loans from international banks, which could affect the whole country.

The head of Venezuela's National Assembly, Julio Borges, has sent more than a dozen letters to major banks asking them not to carry out transactions with the Venezuelan government in order to block the administration of President Nicolas Maduro from receiving financing, the Associated Press reported.

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Borges sent letters warning international banks that they should be worried about their reputation if they support Maduro with financing in his bid to revitalize the economy.

Among the letters, the head of the assembly sent a document to John Cryan, director of Deutsche Bank on Thursday, warning him of the consequences of carrying out financial transactions with Venezuela.

"The national government, through the Central Bank, will try to exchange gold from the national reserve for dollars in order to remain in power unconstitutionally," Borges wrote.

Borges, one of the founders of the opposition Justice First party, told Cryan "that by supporting this gold exchange, you would be acting in favor of a government recognized as dictatorial by the international community." International mainstream media regularly echoes the opposition claim that the democratically-elected Maduro government is a dictatorship.

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The lawmaker said this strategy was part of a reform approved by the rogue National Assembly — controlled by the right-wing opposition but declared in contempt by the top court — to cancel any debt by the government that is not explicitly approved by the legislative branch.

Amid a wave of opposition protests in recent weeks, Maduro has repeatedly accused Borges of being a mastermind behind a coup attempt in the country and warned that justice will be served to those responsible for fomenting violence.

Meanwhile, opposition leaders have announced that they will continue to protest, as they have done for the past three weeks in demonstrations on the streets of Caracas that have often turned violent and led to the deaths of at least 22 people.

Maduro said authorities had arrested more than 30 protesters engaged in violence, including an alleged leader of a group of rioters who was caught with explosives.

Venezuelan authorities have called on the Organization of American States to condemn the violence perpetrated by the opposition.

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