Venezuela’s Maduro Replaces Economic Team Head After 5 Weeks
- Luis Salas replaced by Perez Abad in shakeup of economic team
- Venezuelan bonds fell to record low last week on default fears
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Venezuela’s President Nicolas Maduro replaced the head of his economic team just five weeks after handing the job to a widely-criticized professor who blamed the world’s fastest inflation on the country’s “parasitic” business class.
Luis Salas, who held the post as economy vice president since Jan. 6, is leaving for family reasons, Maduro said on state television late Monday. He named Miguel Perez Abad, who was serving as commerce minister, to replace Salas, adding that he would make further economic announcements on Tuesday.