Central bank's Merentes named new Venezuela finance minister


CARACAS: President Nicolas Maduro replaced Venezuelan Finance Minister Jorge Giordani on Sunday, appointing central bank chief Nelson Merentes in his place two days after being sworn in as the late Hugo Chavez's successor.

It will be the third stint as finance minister for Merentes, a mathematician by training who is seen as a more pragmatic economist than his ideologically driven counterpart Giordani, a Marxist academic who was nicknamed "the Monk."

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