Jorge Giordani, the planning minister, said this money will be used to “encourage import-substitution, reduce dependence on oil and create new jobs”.

企划部长Jorge Giordani表示，这些钱将用于「鼓励生产进口替代品，降低对石油的依赖，并创造新的工作机会。」

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His economics team, headed by Jorge Giordani, an electrical engineer and development planner, is widely seen as unimpressive, though it claims to have been austere.

ECONOMIST: Chavez’s muddled new world | The

The new head of the Central Bank, Luis Diego Castellanos, an obscure elderly economist, is a close colleague of Jorge Giordani, the old-fashioned development planner who leads the economic team.

ECONOMIST: Venezuela: Unchecked, unbalanced | The

"We are following instructions from President Hugo Chavez, who demanded more efficiency in the fight against inflation, " Finance Minister Jorge Giordani told reporters when he made the announcement Friday, holding up a decree that he said came from Chavez.

CNN: With Chavez away for months, big changes roil Venezuela