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Nike Heels Hot Sell - President pushes currency, fuel reforms for ailing VenezuelaByReuters Published: 14:12 GMT, 22 January 2015 | Updated: 14:12 GMT, 22 January 2015 By Andrew Cawthorne and Alexandra UlmerCARACAS, Jan 21 (Reuters) - President Nicolas Maduro shookup complex currency controls on Wednesday and also preparedVenezuelans for a rise in the world's cheapest fuel Nike Heels Hot Sell prices inresponse to a recession worsened by plunging oil revenue.The socialist-run OPEC member's economy shrank 2.8 percentin 2014 while inflation topped 64 percent, the socialist leaderannounced in a speech to parliament, in what is almost certainlythe worst performance in Latin America.With oil prices down by more than half since mid-2014,Venezuela's economic Nike Heels Hot Sell mess has hit Maduro's popularity hard andthreatened the future of the ruling Chavismo movement namedfor his charismatic predecessor Hugo Chavez.The 52-year-old Maduro blamed political foes for Venezuela'sdismal data, but he also announced the most concrete changes inmonths to try to shore up the economy.Carefully avoiding the word devaluation and without givingmuch Nike Heels Hot Sell detail, Maduro said he was modifying existing complexcurrency controls to combat the black market for dollars whilesticking to a complex three-tier model.Greenbacks would still be available for essential food andmedicine at the current, strongest rate of 6.3 bolivars to thedollar, he said, but two weaker Central Bank rates of around 12and Nike Heels Hot Sell 50, respectively, would be merged.A third new system would be created to offer dollars viaprivate brokers to vie with the black market where the rate is177 bolivars, Maduro added, saying his economic officials wouldgive further details.Assuming the merged rate, known as Sicad, and the thirdlevel would be weaker than the current Nike Heels Hot Sell rates, those changeswould give the government more bolivars for its dollar oilrevenue and, essentially, represent the stealth devaluation many economists had been predicting.That could add to pressure on Venezuela's inflation, alreadythe highest in the Americas.While economists were waiting to see fine print, some fearedit could be another quick fix. Overall, the Nike Heels Hot Sell historical recordis quite extensive and clear that multi-tier exchange ratesystems are very difficult to administer and eventuallycollapse, said Alberto Ramos of Goldman Sachs.'IF YOU WANT, CRUCIFY ME!'On the touchy subject of domestic fuel prices, Maduro saidhe favored a rise this year, a measure recommended by manyeconomists to lessen distortions and boost Nike Heels Hot Sell revenue.Venezuelans currently fill up for less than $0.02 a liter,thanks to a roughly $12 billion annual government subsidy. ButMaduro is mindful of the infamous Caracazo riots in whichhundreds died in 1989 over fuel price increases. If you want, crucify me, kill me, he said, announcing anational debate on the subject. The Nike Heels Hot Sell price is a distortion ... Ithink the time has come ... to do it this year. I assume theresponsibility and the criticisms. Opponents say 15 years of misguided socialist policies andcorruption since Chavez took power have wrecked Venezuela'seconomy and heaped suffering on its 30 million inhabitants whoare facing unprecedented shortages of Nike Heels Hot Sell basic products. They've destroyed production, opposition leader HenriqueCapriles tweeted during Maduro's three-hour speech. That's thecause of the queues, not the lies they're telling. According to U.N. estimates, Argentina is the only othercountry in Latin America whose economy was seen contracting lastyear, though by less than Venezuela.In one of the grimmest forecasts Nike Heels Hot Sell yet, an IMF officialestimated on Wednesday that Venezuela's economy will shrink 7percent this year.Maduro said on Wednesday that Venezuela's crude, whichtrades at a discount to other benchmarks due to its greaterheavy-oil content, was at $38 a barrel - versus $99 in June. It will not return to $100 ... We have Nike Heels Hot Sell less foreigncurrency ... But God will provide, he said, sounding a note ofresignation after a nearly two-week tour of oil producers aroundthe world to seek ways to boost the price of crude.Venezuela's opposition coalition called on people to bangpots and pans in a traditional form of protest during Maduro'sspeech. That could Nike Heels Hot Sell be heard in some neighborhoods of Caracas,though not as loud as on occasions last year.Maduro repeatedly lashed his political opponents for tryingto sabotage the economy via hoarding and disruption. In 2014, we again faced the script of destabilization andviolence, he said, referring to four months of protests thatcaused major disruption and Nike Heels Hot Sell killed 43 people, includingdemonstrators, government supporters and security officialsThe government still maintains popular Chavez-era welfareprograms, such as subsidized food and free health clinics, thatbenefit millions.Maduro said unemployment was at a new low of 5.5 percent,and announced a 15 percent minimum wage increase next month aswell as new housing projects and scholarships.With Nike Heels Hot Sell a vicious blame-game under way over Venezuela'seconomic shortages and parliamentary elections due later thisyear, the government plans to mobilize supporters in a rally onFriday, and the opposition has called a march for Saturday.Even though his popularity has dropped to 22 percent,according to one leading pollster, Maduro predicted his rulingSocialist Party would Nike Heels Hot Sell win the National Assembly vote by 10percentage points.Flanked by a giant photo of Chavez twice his own size,Maduro confidently predicted, 2015 will be the year of victoryand economic rebirth. At the same time, scores of opponentstook to Twitter across Venezuela predicting he would not lastthe year in power and his Chavismo Nike Heels Hot Sell movement was dying. (Additional reporting by Diego Ore and Eyanir Chinea; Editingby Ken Wills and Richard Borsuk) .