What are the chances that Venezuela revalues its currency now that trump has lifted sanctions and allowed big gas companies back in to drill the heavy crude to the market?

The potential for Venezuela to revalue its currency would depend on a variety of economic and political factors, and it's important to recognize that currency valuation is influenced by complex dynamics.

**Economic Stability**: Venezuela has faced hyperinflation for years, severely undermining its currency. To revalue the currency, there would need to be significant improvement in economic stability, including controlling inflation, increasing production, and fostering investor confidence.

**Oil Revenue**: If sanctions are lifted and foreign companies are allowed to re-enter the oil market, it could potentially boost Venezuela's oil revenues. However, the extent to which this would impact the economy and confidence in the currency would depend on the amount of oil produced and sold successfully on the market.

**Political Factors**: The political landscape in Venezuela is also crucial. A stable government, recognition from the international community, and the implementation of sound economic policies would be necessary steps to support a currency revaluation.

**International Relations**: The lifting of sanctions by the U.S. and the response from other nations would also play a significant role. Improved international relations could enhance trade, foreign investment, and financial assistance, positively impacting the economy.

**Market Conditions**: Global oil prices and demand will influence how much revenue Venezuela can generate from oil exports. A favorable market could accelerate economic recovery and strengthen the currency.

Overall, while lifting sanctions could create a more favorable environment for Venezuela's economy and its currency, a revaluation would require sustained improvements in numerous interconnected areas. It is challenging to predict specific outcomes, as they depend on ongoing political and economic developments.