IBOV 166,934.20 ▼ 0.10% IPSA 11,042.67 ▲ 0.39% IPC MEX 64,397.45 ▼ 0.66% MERVAL 2,947,349 ▼ 1.77% COLCAP 2,452.46 ▲ 0.84% BVL PERÚ 58,104.31 ▲ 0.40% USD/BRL5.21▲ 0.47% USD/MXN17.02▼ 0.08% USD/CLP914.45▼ 0.02% USD/COP3,141▼ 0.15% USD/PEN3.37▼ 0.21% USD/ARS1,488▼ 0.28% USD/UYU40.33▲ 1.50% USD/PYG5,984▲ 2.22% USD/BOB11.54▼ 0.69% USD/DOP58.45▲ 0.55% USD/CRC446.12▲ 0.91% USD/GTQ7.62▲ 2.25% USD/HNL26.79▲ 0.54% USD/NIO36.62▲ 0.63% USD/VES769.14▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.70▲ 0.74% EUR/BRL6.05▲ 1.03% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 166,934.20 ▼ 0.10% IPSA 11,042.67 ▲ 0.39% IPC MEX 64,397.45 ▼ 0.66% MERVAL 2,947,349 ▼ 1.77% COLCAP 2,452.46 ▲ 0.84% BVL PERÚ 58,104.31 ▲ 0.40% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Sunday, August 16, 2026

Venezuela Politics - Brazil

Venezuela’s Maduro reforms his government and replaces foreign minister

By · August 19, 2021 · 3 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

RIO DE JANEIRO, BRAZIL – Venezuelan President Nicolás Maduro announced Thursday (19) a reform of his Government that includes the replacement of Jorge Arreaza as Foreign Minister, a position that will be occupied by the current ambassador to China, Félix Plasencia.

The announcement was made by Maduro by surprise and through Twitter, where he informed that Arreaza, foreign minister since 2017 and considered as a person very close to the president, will move to the Ministry of Industries and National Production.

Read also: Check out our coverage on Venezuela

“With his work capacity, intelligence and commitment, we will advance with greater strength in the dynamization of the productive forces of the homeland. Produce everything in Venezuela,” the ruler wrote on Twitter.

President of Venezuela, Nicolás Maduro, has made the announcement of his new ministers on his Twitter account (Photo internet reproduction)
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

Boosting the Venezuelan economy and industrial production is one of Maduro’s issues referred to the most for months. This same Wednesday, he assured that “the priority” of the negotiations in Mexico initiated with the Venezuelan opposition “is economic growth”.

After learning of his new position, Arreaza said he was “honored to have served” the “brave people in such difficult times”.

“Complex years of constant aggression on all fronts. We overcame every attack of imperialism with deep patriotism, firmness, and the wise guidance of President Maduro,” he asserted.

Arreaza will replace Tareck El Aissami in the Ministry of Industries, who remains as Minister of Petroleum and Sectorial Vice-President of Economy.

However, the Minister of Economy is the current Executive Vice-President, Delcy Rodríguez, to whom a day before he asked for a boost that will allow the country to reach a “post-oil renaissance” model.

Regarding his new position, the new Minister of Industries explained that he has “an immense challenge”, that of “contributing to the productive recovery of the country, despite the blockade and the difficulties.”

MAINTENANCE OF THE “DIPLOMACY OF PEACE”

Shortly after the appointment was made known, Plasencia assured on Twitter that he receives it “with great commitment and pride”, before which Arreaza predicted that he would achieve the success of “the Bolivarian diplomacy of peace”.

“Count unconditionally on our accumulated experience in the struggle to guarantee the definitive success of the Bolivarian diplomacy of peace,” Arreaza replied to Plasencia on the same social network.

As part of the reform of his cabinet, Maduro appointed retired Admiral Remigio Ceballos as Minister of the Interior, Justice, and Peace, who until July served as Chief of Staff of the Strategic Operational Command of the Bolivarian National Armed Force (Ceofanb).

The Strategic Operational Command of the FANB is “the highest operational, specific, joint and combined strategic planning and control body” of the Armed Forces, thus its chief occupies the third step in the line of command after the President and the minister of Defense.

According to Maduro, Ceballos will also be vice-president of the Government for Citizen Security, who praised “his experience in the FANB and his great ethical, morale and loyalty to the homeland”.

He replaces Admiral Carmen Meléndez, who was elected in the primaries of the ruling United Socialist Party of Venezuela (PSUV) as a candidate for mayor of Caracas in the elections of November 21. The ruler also appointed Yelitze Santaella as Minister of Education to replace Eduardo Piñate, who will run for governor of Apure state, bordering Colombia, on November 21.

A NEW VICE-PRESIDENT

On the other hand, the Venezuelan Head of State appointed the Minister of Sports, Mervin Maldonado, as Vice-President of the Government for Social and Territorial Socialism.

His task, which until now was carried out by Piñate, will be to “fulfill the mission of achieving the maximum happiness and welfare of the Venezuelan people” and to be “always together with the people”.

At the head of the Ministry for Women and Equality, he appointed Margaud Godoy, governor of the central state of Cojedes, who will replace Carolys Pérez. “We are a revolution, eminently, feminist,” the Venezuelan president stressed about his political movement.

Finally, he appointed another military officer, Admiral William Serantes Pinto, who was Commander General of the Navy until last July, as Minister of Ecological Mining Development, replacing Magaly Henríquez. “With his professionalism, capacity, commitment and loyalty to the Homeland, he will continue diversifying the economy in this important sector, always protecting the ecosystem”, concluded Maduro.

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.