Tag: Jorge Giordani

• Friday, October 25th 2013 - 06:08 UTC

  Pacific Alliance economy ministers proved to be the best of the Americas in 2012

  

  Pacific Alliance economy ministers are rated among the best four in Latin-American, while those from Mercosur can't boast such merit, much to the contrary, according to the 2012 survey from the America Economica Intelligence report, which ranks the region's ministers in that field.

• Wednesday, August 14th 2013 - 19:36 UTC

  After inflation hits 42%, Maduro names a more pragmatic president to the Central bank

  

  Venezuela President Nicolas Maduro appointed the third central bank president this year as Latin America’s biggest oil exporter seeks to rein in the fastest inflation among the world’s major economies.

• Monday, April 1st 2013 - 09:55 UTC

  Venezuela auctions dollars; value is estimated at double the official rate

  

  Venezuelan government foreign currency auction for local importers has triggered de-facto currency devaluation, the second in less than 50 days, analysts said. Venezuela has had strict currency exchange controls since 2003 in an attempt to halt capital flight, under which the government sold limited amounts of foreign currency at an official rate.

• Saturday, February 9th 2013 - 09:32 UTC

  Venezuela devalues currency 32% to help cut 11% of GDP fiscal gap

  

  Venezuela devalued its currency for the fifth time in nine years as ailing President Hugo Chavez seeks to narrow a widening fiscal gap and reduce a shortage of dollars in the economy. The new exchange rate falls by 32% to 6.3 Bolivar per dollar starting Feb. 13, Finance Minister Jorge Giordani told reporters in Caracas.

• Thursday, August 9th 2012 - 06:33 UTC

  Venezuela inflation slows down for seventh month running: 19.4% in last 12 months

  

  Venezuela's annual inflation slowed for a seventh straight month in July, coming in below 20% for the first time in years. Finance Minister Jorge Giordani said annual inflation to July was 19.4% percent, below the 20 to 22% estimated in the government's budget for this year.