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BRIEFLY

October 19, 1987

Venezuelan Central Bank President Hernan Anzola has submitted his resignation and asked President Jaime Lusinchi to transfer him to a post in the oil industry, two leading Venezuelan newspapers reported. Anzola differed with the Finance Ministry over economic policy. He favored raising rates, which are well below the inflation level of 33.2% a year. But he ran into opposition from the Finance Ministy and government sectors that thought an interest hike would fuel inflation, already running at record levels.

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