Madurocambia altitular of the Central Bank of Venezuela – LaCapital.com.ar

The president of Venezuela, Nicolas Maduro, announced the replacement of the head of the Central Bank, a figure criticised for its lack of autonomy, and that governs the economic policy of this oil-rich country mired in the worst crisis of its history.

“Before the withdrawal of the partner Nelson Merentes, who has spent his letter to retire from the presidency of the Central Bank of Venezuela, I have decided to apply for” Ricardo Sanguino, informed, Mature in its Sunday programme on television.

Merentes, a mathematician of 62 years, was at the front of the entity with the issuer since 2009, except for a period of eight months in 2013, when he was minister of Finance of Mature. In January 2014 he returned to take the reins of the CENTRAL bank.

“I Want to thank you for all the effort that Nelson Merentes has always done from the various battle fronts, but I want to start a new stage of development of the Central Bank,” said the ruler.

Sanguino, 73 years old, has been played during the 17 years of the chavez government as a deputy and was president of the Finance Commission of the National Assembly, currently controlled by the opposition.

“I know Him very well. It is one of the more men, scholars and connoisseurs of life’s financial, economic and monetary of the country,” said Maduro.With a model statist and dependent on oil revenues (96 percent of its revenue), Venezuela was hit by the fall in crude oil prices, but adds the tares from the model socialist chavez, already facing a crisis unknown in other oil-rich countries. In Venezuela today are lacking food and medicine, and suffers from the highest inflation in the world.

The BCV has not published indicators from a year ago, but the International Monetary Fund (IMF) estimated that the country had an inflation rate of 475 per cent in 2016 and projected to 1.660 percent by 2017.

For the deputy opposition’s Jose Guerra, exdirectivo of the CENTRAL bank, Merentes had to be removed “long time ago”, and pointed out that the tasks of the new president are “to lower inflation, to publish figures and to tidy up the institution”.

According to versions of the press, it was the Mature who would be asked to resign to Merentes. The representative said that the “new stage” of the BCV will be “fight against the mafias, both domestic and international”, which, he believes, “attack the venezuelan currency” to destabilize his government.