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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