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New directive. The appointment of the new board of directors of Central Bank of Venezuela (BCV) was formalized by a decree of the Presidency of the Republic number 3.518, published in the Official Gazette number 41.434, dated Friday 6 July 19, 2018.
In the same gazette the appointment of Calixto José Ortega Sánchez nephew of the magistrate of Supreme Court of Justice (TSJ) Calixto Ortega, as the president of the Issuing entity, which had previously been appointed by the National Assembly Constituent Assembly (ANC) on Tuesday 19 June.
The new members of the Board of Directors are Iliana Josefa Ruzza Terán, Yosmer Daniel Arellán Zurita, Santiago Armando Lazo Ortega, William Antonio Contreras and Simón Alejandro Zerpa Delgado, the latter representing the National Executive .
According to a note from the Venezuelan News Agency (AVN), nominations were proposed by the Committee for the Evaluation of Merits and Titles for the Nomination of Members of BCV Directory, constituted in accordance with the provisions of Article 17 of the Decree with Rank, Value and Force of Law of the Central Bank of Venezuela, which made public announcement to all interested parties that responded the requirements set out in that instrument.
In the case of the appointment of the new president of the BCV, according to BCV Law and Constitution the National Assembly must ratify the candidate to the maximum position of the 39, institute issuer, with a period of seven years and which is decided by the President of the Republic something
In the case of the board of directors, the president Nicolás Maduro, exercising the powers conferred by Articles 15 and 16 of the Decree with the rank, value and force of law of B Anco Central of Venezuela, appointed the five new directors.
With information from AVN
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