Venezuela allowed the bolivar to weaken 88 percent on a new currency market after loosening controls, a move to increase dollar supplies needed to alleviate a record shortage of imports including medicine, food and toilet paper.
The death toll from more than three weeks of protests in Venezuela rose to 19 as opposition and government supporters held rival marches and the Organization of American States hosted a closed-door meeting on the crisis.
Venezuelan government and opposition supporters held rival marches today in Caracas after President Nicolas Maduro rejected any mediation by the Organization of American States and cut diplomatic and commercial ties with Panama.
Venezuelan National Assembly President Diosdado Cabello accused lawmakers from the party of former opposition presidential candidate Henrique Capriles Radonski of receiving financial contributions without declaring them to the electoral board.
Leopoldo Lopez, the leader of the Venezuelan opposition party Voluntad Popular, said he’ll lead a march on Feb. 18 and possibly face arrest if Venezuela’s government follows through on threats to jail him.
Venezuela National Assembly President Diosdado Cabello said today that he would not call new elections if President Hugo Chavez is unable to be sworn in for a new term as scheduled on Jan. 10 because of cancer treatment in Cuba.