Venezuelan court granted Maduro to Constituent Assembly

The Supreme Court of Justice (TSJ) of Venezuela asserted through a ruling that President Nicolás Maduro has the authority to convene a "communal" Constituent Assembly , without prior consultation in a referendum.

"The Constitutional Chamber of the TSJ considers that it is not necessary, nor constitutionally binding, a previous consultative referendum for the convening of a National Constituent Assembly," the ruling said. He also indicated that Maduro "exercises indirectly and through representation of popular sovereignty", as well as other organs jav daddyjav Lesbians of public power that can convene a Constituent Assembly: the National Assembly and the municipal councils in the town hall.

"It is in the village, as holder of sovereignty, In whom the original constituent power resides.

However, Article 348 (of the Constitution) states that the initiative to exercise the constitutional call responsible, among others, the President of the Republic in the Council of Ministers "stressed the high court in a press release. The opposition calls of "constitutional fraud" presidential initiative "it is not contemplated" in the Constitution and representing the "coup continued state" perpetrated from the Executive Branch to support the judiciary against the legislature.

through a document signed by more than Twenty parties that make up the opposition coalition rejected Maduro's proposal "for not being consulted" with the Venezuelans after noting that " One of the five principal rectors of the commission refused to start the applications without rules to regulate said process. • Devaluation For its part, the government formalized a 64.1 percent devaluation of the bolivar, announcing the result of a new exchange rate resulting from a system of weekly auctions. The director of the Central Bank of Venezuela (BCV), Pedro Maldonado , announced the outcome of the first auction held last Thursday, in which companies and individuals participated for a bid that determined the new rate for the so-called complementary currency exchange Dicom). In the first auction participated thousands of claimants who offered to buy currencies offered by the BCV within a band of 1,800 and 2. 200 bolivars per dollar. Maldonado said that the bid determined an exchange rate of 2,010 bolivars, more than double the pre-auction rate, which was 721 bolivars, a level set directly by the BCV. The depreciation of the dicom implies a devaluation of more than 64 percent, which will further push inflation, whose official level has not been published in more than a year. Independent specialists place it at about 800 percent in the last 12 months. In future, the products and inputs that are imported will be paid with the new dicom, which will give a new inflationary impulse. The government maintains another preferential rate, called preferential currency (dipro) at 10 bolivares per dollar, Reserved exclusively for the importation of food and medicines. The remaining operations for imports of the country are made with the dollar dicom, which now changed from 721 to 2,010 bolivars. Despite the devaluation, the dicom exchange rate is well below the rate on the black market, which today climbed to 6,108 bolivars. Maldonado said that the auction was awarded 24.1 million dollars, of which 22.2 million were for 776 companies that registered for the bid and 1.9 million to 3,054 individuals. He added that the system was able to meet the demand of 55 percent of the companies that entered the bid. The dicom exchange rate is well below the black market rate, which today climbed to 6,108 bolivars. Maldonado jav Milf said that the auction was awarded 24.1 million dollars, of which 22.2 million were for 776 companies that registered for the bid and 1.9 million to 3,054 individuals. He added that the system was able to meet the demand of 55 percent of the companies that entered the bid. The dicom exchange rate is well below the black market rate, which today climbed to 6,108 bolivars. Maldonado said that the auction was awarded 24.1 million dollars, of which 22.2 million were for 776 companies that registered for the bid and 1.9 million to 3,054 individuals. He added that the system was able to meet the demand of 55 percent of the companies that entered the bid.









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