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Pedro Tinoco
Pedro Tinoco (1927–1993) was a Venezuelan businessman and politician. Tinoco was Minister of Finance from 1969 to 1972, under President Rafael Caldera. He was then Chairman of the Board of Banco Latino from 1975, and one of Carlos Andrés Pérez's "Twelve Apostles". He resigned in 1989 to take on the presidency of the Central Bank of Venezuela. Under Tinoco's chairmanship of the central bank, interest rates were liberalised with little effective banking supervision, and Banco Latino, which in 1988 was the central bank's largest debtor, went from the country's fifth-largest to second-largest bank. Banco Latino was the first bank to fail in the Venezuelan banking crisis of 1994. He was a candidate in the 1973 Venezuelan presidential election, in which he was one of four candidates claiming the backing of Marcos Pérez Jiménez; he won less than 1% of the vote. Pedro Tinoco was also a professor of Public Finance and Political Economy at Universidad Central de Venezuela. ...
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Minister Of Finance Of Venezuela
The Ministry of Economy and Finance (''Ministerio del Poder Popular de Economía y Finanzas'', in Spanish, literally, "Ministry of People's Power for the Economy and Finance") is a ministry of the government of Venezuela with similar portfolios dating back to 1810 with the creation of a tax office. When Gran Colombia was dissolved and Venezuela assumed its independence, the Ministry of Finance was created in 1830 when General José Antonio Páez commissioned the establishment of the public business office to three Secretariats of State: Interior, Justice and Police, War and Navy, Finance, and Foreign Relations. The current minister has been Delcy Rodríguez since September 2020. Ministers of Finance when part Gran Colombia *Manuel Palacios Fajardo, 1819 *Pedro Gual Escandón, 1819-1821 *Luis Eduardo Azuela, 1821 *José María del Castillo y Rada, 1821-1828 *Nicolas M. Tanco, 1828-1829 *José Ignacio de Márquez, 1830 *Gerónimo Mendoza, 1830 Ministers of Finance of Venezuela *D ...
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1973 Venezuelan Presidential Election
General elections were held in Venezuela on Sunday 9 December 1973. Dieter Nohlen (2005) ''Elections in the Americas: A data handbook, Volume II'', p555 The presidential elections were won by Carlos Andrés Pérez of Democratic Action, who received 48.7% of the vote, whilst his party won a majority of seats in the Chamber of Deputies and Senate. Voter turnout was 96.5%.Nohlen, p556 Results President Congress References {{Venezuelan elections 1973 in Venezuela Venezuela Venezuela (; ), officially the Bolivarian Republic of Venezuela ( es, link=no, República Bolivariana de Venezuela), is a country on the northern coast of South America, consisting of a continental landmass and many islands and islets in th ... Elections in Venezuela Presidential elections in Venezuela Election and referendum articles with incomplete results ...
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Finance Ministers Of Venezuela
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability asse ...
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1993 Deaths
File:1993 Events Collage.png, From left, clockwise: The Oslo I Accord is signed in an attempt to resolve the Israeli–Palestinian conflict; The Russian White House is shelled during the 1993 Russian constitutional crisis; Czechoslovakia is peacefully dissolved into the Czech Republic and Slovakia; In the United States, the ATF besieges a compound belonging to David Koresh and the Branch Davidians in a search for illegal weapons, which ends in the building being set alight and killing most inside; Eritrea gains independence; A major snow storm passes over the United States and Canada, leading to over 300 fatalities; Drug lord and narcoterrorist Pablo Escobar is killed by Colombian special forces; Ramzi Yousef and other Islamic terrorists detonate a truck bomb in the subterranean garage of the North Tower of the World Trade Center in the United States., 300x300px, thumb rect 0 0 200 200 Oslo I Accord rect 200 0 400 200 1993 Russian constitutional crisis rect 400 0 600 200 D ...
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1920s Births
Nineteen or 19 may refer to: * 19 (number), the natural number following 18 and preceding 20 * one of the years 19 BC, AD 19, 1919, 2019 Films * ''19'' (film), a 2001 Japanese film * ''Nineteen'' (film), a 1987 science fiction film Music * 19 (band), a Japanese pop music duo Albums * ''19'' (Adele album), 2008 * ''19'', a 2003 album by Alsou * ''19'', a 2006 album by Evan Yo * ''19'', a 2018 album by MHD * ''19'', one half of the double album ''63/19'' by Kool A.D. * '' Number Nineteen'', a 1971 album by American jazz pianist Mal Waldron * ''XIX'' (EP), a 2019 EP by 1the9 Songs * "19" (song), a 1985 song by British musician Paul Hardcastle. * "Nineteen", a song by Bad4Good from the 1992 album '' Refugee'' * "Nineteen", a song by Karma to Burn from the 2001 album ''Almost Heathen''. * "Nineteen" (song), a 2007 song by American singer Billy Ray Cyrus. * "Nineteen", a song by Tegan and Sara from the 2007 album '' The Con''. * "XIX" (song), a 2014 song by S ...
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Juan Vicente Gómez
Juan Vicente Gómez Chacón (24 July 1857 – 17 December 1935) was a Venezuelan military general, Politician and ruler of Venezuela from 1908 until his death in 1935. He was president on three occasions during this time, ruling through puppet governments in between. Important public works were carried out during his dictatorship. He founded the country's first airline, Aeropostal Alas de Venezuela and the Venezuelan Military Aviation. He commissioned the construction of Venezuela's first airports: Maracaibo International Airport "Grano de Oro", La Fría, Encontrados, Sucre Base (now Florencio Gomez National Airport in Maracay, Aragua), Aragua Meteorological Air Base (the cradle and birthplace of the airport). Venezuelan Aviation, later converted into Aviation Museum), Porlamar (now Municipal Police Headquarters, replaced by Santiago Mariño Caribbean International Airport), Leonardo Chirinos International Airport in Coro, Juan Vicente Gómez International Airport and Merida ...
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Universidad Central De Venezuela
The Central University of Venezuela (Spanish: ''Universidad Central de Venezuela''; UCV) is a public university of Venezuela located in Caracas. It is widely held to be the highest ranking institution in the country, and it also ranks 18th in Latin America. Founded in 1721, it is the oldest university in Venezuela and one of the oldest in the Western Hemisphere. The main university campus, Ciudad Universitaria de Caracas, was designed by architect Carlos Raúl Villanueva and it is considered a masterpiece of urban planning and was declared a World Heritage Site by UNESCO in 2000. History Origins The origin of the university goes back to Friar Antonio González de Acuña (1620–1682), a Spanish Bishop born in present day Peru who studied theology at the Universidad de San Marcos and founded in 1673 the Seminary Saint Rose of Lima in Caracas named after the first Catholic Saint born in the Americas. In the following years, Friar Diego de Baños y Sotomayor broadened the sco ...
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Marcos Pérez Jiménez
Marcos Evangelista Pérez Jiménez (25 April 1914 – 20 September 2001) was a Venezuelan military and general officer of the Army of Venezuela and the dictator of Venezuela from 1950 to 1958, ruling as member of the military junta from 1950 to 1952 and as president from 1952 to 1958. He took part in the 1948 coup d'état, becoming part of the ruling junta. He ran in the 1952 election. However, the junta cancelled the election when early results indicated that the opposition was ahead, and declared Jiménez provisional president. He became president in 1953 and instituted a constitution that granted him dictatorial powers. Under Pérez's rule, the rise of oil prices facilitated many public works projects, including roads, bridges, government buildings and public housing, as well as the rapid development of industries such as hydroelectricity, mining, and steel. The economy of Venezuela developed rapidly while Pérez was in power. On the other hand, Pérez presided ove ...
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Venezuelan Banking Crisis Of 1994
The 1994 banking crisis occurred in Venezuela when a number of the banks of Venezuela were taken over by the government. The first to fail, in January 1994, was Banco Latino, the country's second-largest bank. Later, two banks accounting for 18% of total deposits ( Banco Consolidado and Banco de Venezuela) also failed. On 9 August 1994, Banco de Venezuela became the tenth bank bailed out by the Venezuelan government during the crisis, with the government taking a majority stake for an estimated at US$294m. In total, between January 1994 and August 1995 17 of the country's 49 commercial banks, as well as some subsidiaries, failed - representing 53% of the system assets. Estimates of the total cost of the bailout range from 18 to 31% of GDP; one estimate gives the total cost of the bank bailouts as 1.8 trillion Bolivars, or $12bn.Molano, 1997Financial reverberations: the Latin American banking system during the mid-1990s SBC Warburg Working Paper, Social Science Research Network (1997) ...
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Rafael Caldera
Rafael Antonio Caldera Rodríguez ( (); 24 January 1916 – 24 December 2009), twice elected the president of Venezuela, served for two five-year terms (1969–1974 and 1994–1999), becoming the longest serving democratically elected leader to govern the country in the twentieth century. His first term marked the first peaceful transfer of power to the opposition in Venezuela's history. Widely acknowledged as one of the founders of Venezuela's democratic system,John D. Martz, "Venezuela, Colombia, and Ecuador," in Jan Knippers Black, ed. ''Latin America, Its Problems and Its Promise'', 2nd ed. (Boulder, Colorado: Westview Press, 1991), 439 one of the main architects of the 1961 Constitution, and a pioneer of the Christian Democratic movement in Latin America, Caldera helped forge an unprecedented period of civilian democratic rule in a country beleaguered by a history of political violence and military caudillos. His leadership established Venezuela's reputation as one ...
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Central Bank Of Venezuela
The Central Bank of Venezuela ( es, Banco Central de Venezuela, BCV) is the central bank of Venezuela. It maintains a fixed exchange rate for the Venezuelan bolívar and since 1996 is the governing agent of the Venezuelan Clearing House System (including an automated clearing house). Actual laws By law, the Central Bank of Venezuela is autonomous to formulate and exercise policies in its field of competence and it performs its duties and functions in coordination with the general economic policy. The Constitution grants the central bank autonomy to outline and implement the policies. However, as of 2016, reforms deemed unconstitutional by some effectively nullified the BCV's independent status. The export, import or trade of Venezuelan or foreign currency are subject to the regulations established by the BCV, including the departure or arrival of coin and notes made by another countries by BCV's express order. Foreign reserves Since its inception in the late 1930s, the BCV w ...
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Twelve Apostles (Venezuela)
The "Twelve Apostles" (''Los Doce Apóstoles'') were a group of Venezuelan businessmen close to President Carlos Andrés Pérez. The term was coined by Pedro Duno (1975) and became part of the Venezuelan political language.Jonathan Di John. ''From Windfall to Curse?: Oil and Industrialization in Venezuela, 1920 to the Present'', Penn State Press, 2009. p212 The group included Pedro Tinoco and Carmelo Lauria Lesseur.Fernando Coronil. The magical state: nature, money, and modernity in Venezuela', University of Chicago Press, 1997. p247 Of the various family groups involved, the Cisneros Group of Gustavo Cisneros was the most successful by the 1990s. The links between Pérez and the apostles go back to Pérez' struggle for the Democratic Action presidential candidacy in 1973. Lacking a power base in the party, Pérez allied himself with businessmen outside it. After he attained the presidency, the names of these businessmen appeared on "many of the financially most lucrative contra ...
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