Chavez takes control of Venezuelan Central Bank

The Venezuelan government has regained control of the central bank following a parliamentary vote on Wednesday.

The central bank must, according to the new law, work with the executive branch of the government "in strict and compulsory cooperation to outline monetary policies".

The Central Bank had achieved independence in 1999.

Hugo Chavez, Venezuela's president, proposed the measures last August.

New currency

Also on Wednesday, the central bank revealed the designs of its new currency, the

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