Maduro Chooses Third CB Head of 2013

Venezuelan President Nicolas Maduro has named Eudomar Tovar as head of the country’s Central Bank, according to the government information ministry. Tovar replaces Edmee Bethancourt, who had held the position since April after replacing current Finance Minister Nelson Merentes. He had been head of state currency board Cadivi and was previously a Central Bank vice president. No reason was given for Betancourt’s departure.