Venezuela President Nicolas Maduro got Special Powers

Nov 20, 2013 09:35 IST

Nicolas Maduro, the President of Venezuela on 19 November 2013 got the final approval to special powers by Venezuela National Assembly. Because of this approval, Maduro will be able to govern without consulting the congress for 12 years.

The new powers assigned to the power will help him to tackle corruption and the economic crisis of the country. Presently, Venezuela is facing the shortages of food and other essential goods, power cuts and inflation about 54 percent.

As the economic sabotage activity, the retailers of the country have been forced to slash the prices up to 60 percent. Strict controls over the sale of the foreign currency have been introduced by the government to control the growing black market of dollars.

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