maduro sacks the head of venezuelas central bank
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Maduro sacks the head of Venezuela's Central Bank

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Arab Today, arab today Maduro sacks the head of Venezuela's Central Bank

Caracas economy
Caracas - Arab Today

 President Nicolas Maduro on Sunday announced the firing of Venezuela's Central Bank chief, amid a deep economic crisis worsened by the recent bungled release of bigger denomination banknotes.

Speaking on his weekly television program, Maduro announced that Central Bank head Nelson Merentes -- who has been under intense pressure after the banknote debacle -- has handed in his resignation. 

The left-wing Venezuelan leader announced that he has tapped economist Ricardo Sanguino to succeed Merentes.

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