Can CNE’s timelines break the law?

Can CNE’s timelines break the law?

Photo: Caracas Chronicles

 

The vice president of the CNE Enrique Márquez justified the decision to not process the substitution of Carlos Ocariz for Miranda governor on the MUD card. But politicians and representatives assured that the CNE is acting illegally and that CNE’s rules or schedules can’t violate the law.

By Caracas ChroniclesNaky Soto

Nov 17, 2021

The Banco Central de Venezuela policy to control the exchange rate meant that the country lost 776 million dollars of its international reserve in the last 12 months, now 5,908 million dollars, 72% less than in 2013. To keep the dollar artificially low, the BCV injects 50 million dollars every week into currency exchanges to increase the supply. It’s one of the reasons the dollar has lost purchasing power in Venezuela. 

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