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Venezuelan real salary has fallen 89.9% by March

Tuesday, January 31, 2017

Maduro Hands Wide-Ranging Powers to Venezuela’s Vice President

Venezuelan President Nicolas Maduro has given his vice president wide-reaching decree powers, including the ability to determine ministries’ spending plans and expropriate private businesses, in a move that has fueled speculation over possible succession plans. Tareck El Aissami, appointed by Maduro as vice president this month, is now authorized to issue economic orders that affect everything from taxes to foreign currency allotments for state-owned companies, according to the official gazette dated Jan. 26 and distributed Monday. . More…

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