Venezuela's Chavez in 'best moment' since surgery, VP says

CARACAS Sat Jan 26, 2013 11:35am IST

Related Topics

CARACAS (Reuters) - Venezuelan President Hugo Chavez is in his "best moment" since undergoing cancer surgery in Cuba 45 days ago, the vice president said on Saturday, adding Chavez has made important economic decisions to strengthen exports.

"He's got a smile that's filled with light, his thoughts are illuminated," said Nicolas Maduro in televised comments just after midnight after returning from a visit with Chavez.

The normally garrulous president has not been heard from since a complex operation on December 11. Official statements in recent weeks have sounded upbeat about his condition following rumors that he is gravely ill.

The communication minister on Saturday is scheduled to provide more details about Chavez's condition and treatment.

Maduro's comments about economic policy come amid widespread speculation that Venezuela is preparing a devaluation of the bolivar currency that would improve state finances by providing more bolivars per dollar of oil exports.

Devaluing would make exports more competitive by lowering local production costs, and spur domestic industries by making imports less competitive with respect to local goods.

"We're going to develop our economy's capacity to export," Maduro said.

Business leaders have for weeks said a devaluation is necessary to ease periodic product shortages that have resulted from a scarcity of dollars. (Reporting by Brian Ellsworth)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

SCOTLAND REFERENDUM

Reuters Showcase

Ebola Outbreak

Ebola Outbreak

Ebola could drain billions of dollars from African economies - World Bank.  Full Article 

Pakistan Floods

Pakistan Floods

Pakistani Islamists use floods to turn opinion against India  Full Article 

Yes Or No?

Yes Or No?

Scots' support for independence lags on eve of referendum.  Full Article 

Ukraine Tension

Ukraine Tension

Ukraine PM tells army to be on full battle alert despite ceasefire.  Full Article 

Chemical Weapons

Chemical Weapons

Syria reveals more chemical weapons facilities to watchdog - sources.  Full Article 

Pakistan Protests

Pakistan Protests

Pakistan's PM threatens to clear protesters camped in capital.  Full Article 

India-China Ties

India-China Ties

Xi sees factory China and back office India as global engine.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage