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Citibank to close Venezuela's 2 government accounts


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Citibank to close Venezuela's 2 government accounts

VenezuelanPresident Nicolas Maduro has accused CitigroupInc. unit Citibank NA of planning to close the government's foreigncurrency accounts within 30 days, Reuters reported.

A separate Reutersreport confirmed that Citi will stop its correspondent banking and servicingfor some accounts after conducting a periodic risk management review.

Strictcurrency controls in Venezuela have left its government dependent on the bankfor foreign currency transactions.