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Venezuela's Maduro Limits Congressional Oversight of Central Bank

Venezuelan President Nicolas Maduro on Monday eliminated the National Assembly's control over nomination and removal of central bank directors through a legal reform that the opposition slammed as aimed at curtailing its power a day before it takes leadership of the legislature. Venezuela's opposition trounced the ruling Socialist Party and its allies in legislative elections in December, winning two-thirds of the Congress, in large part due to voter fury over a brutal economic...

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