Venezuela’s interim president Delcy Rodríguez announced that the country has received 300 million U.S. dollars from oil sales. Speaking on Tuesday, she said the payment represents the first installment under a 50-million-barrel oil supply agreement announced by U.S. President Donald Trump with Caracas. The deal came into effect earlier this month following the detention of President Nicolás Maduro.

According to Reuters, the Venezuelan government informed four domestic banks that the 300 million dollars, held in an account in Qatar, would be distributed among them. The funds will allow banks to sell dollars to local companies facing foreign currency shortages so they can pay for raw materials and essential imports. Rodríguez said the money, part of an initial 500 million dollar tranche, will be managed by the national and central banks to stabilize the currency market and protect workers’ income and purchasing power.

On the same day, lawmaker Jorge Rodríguez stated that a proposal to reform the country’s main oil law could be discussed this week. The reform aims to attract foreign investment and build on existing partnership models introduced under Maduro’s administration.