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Venezuela Replaces Hardline Economic Czar After 1 Month

  • Associated Press

FILE - Luis Salas (c) Venezuelan vice president for the economy listens the annual state of the nation report by Venezuela's President Nicolas Maduro, in Caracas, Venezuela.

FILE - Luis Salas (c) Venezuelan vice president for the economy listens the annual state of the nation report by Venezuela's President Nicolas Maduro, in Caracas, Venezuela.

Venezuela's President Maduro has replaced his economic czar just five weeks after appointing the hardline leftist.

Maduro says Luis Salas is leaving his post as vice president for the economy for family reasons.

He's being replaced with a more business-friendly figure, Miguel Perez, who had been serving as commerce minister.

Perez previously led a business chamber and has said that Venezuela must simplify its byzantine exchange rate system.

Salas had sparked concern among the opposition by blaming the country's mounting economic problems on sabotage, and suggesting that inflation was the result of bourgeoisie manipulation. Critics blame inflation on government spending without sufficient revenues.

Maduro made the announcement Monday.

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