Cadivi out; official exchange rate remains at VEB 6.30 per US dollar

President Nicolás Maduro announced the merger of Institute for the Defense of People in the Access to Goods and Services (Indepabis) and the Superintendence of Fair Costs and Prices (Sundecop) into the Superintendent of Fair Prices, which will be headed by Andreína Tarazón. The president also designated Karlín Granadillo and General Luis Motta Domínguez as the costs, estimates, and profits supervisor, and the fair prices supervisor, respectively. More...