Maduro Swaps Economy VPs

Maduro Swaps Economy VPs

People Corporate & Sovereign Strategy Venezuela

Venezuelan President Nicolas Maduro has named Oil Minister Rafael Ramirez as the country’s new vice president responsible for the economy, according to the government news agency, replacing Finance Minister Nelson Merentes. Merentes had been central bank governor until April, when he was moved to the finance ministry. He had been seen by analysts as pushing the country more towards a market economy. Ramirez has been the oil chief since 2002. Despite a selloff in the country’s bonds due to uncert

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