Hugo Chavez Recovering? Venezuelan President Making Key Economic Decisions, VP Says

Venezuelan VP: Chavez Actively Involved In Policy Decisions
|
Open Image Modal
Supporters of Venezuela's President Hugo Chavez shout slogans during a rally in Caracas, Venezuela, Saturday, Jan. 26, 2013. Venezuelan President Hugo Chavez's condition has improved and he is now optimistic as he faces more treatment following cancer surgery, his vice president said Saturday. (AP Photo/Fernando Llano)

CARACAS, Jan 26 (Reuters) - Venezuelan President Hugo Chavez is in his "best moment" since undergoing cancer surgery in Cuba 45 days ago, the vice president said on Saturday, adding Chavez has made important economic decisions to strengthen exports.

"He's got a smile that's filled with light, his thoughts are illuminated," said Nicolas Maduro in televised comments just after midnight after returning from a visit with Chavez.

The normally garrulous president has not been heard from since a complex operation on Dec. 11. Official statements in recent weeks have sounded upbeat about his condition following rumors that he is gravely ill.

The communication minister on Saturday is scheduled to provide more details about Chavez's condition and treatment.

Maduro's comments about economic policy come amid widespread speculation that Venezuela is preparing a devaluation of the bolivar currency that would improve state finances by providing more bolivars per dollar of oil exports.

Devaluing would make exports more competitive by lowering local production costs, and spur domestic industries by making imports less competitive with respect to local goods.

"We're going to develop our economy's capacity to export," Maduro said.

Business leaders have for weeks said a devaluation is necessary to ease periodic product shortages that have resulted from a scarcity of dollars.

Our 2024 Coverage Needs You

As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.

Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.

to keep our news free for all.

Support HuffPost

Before You Go

Venezuelans Rally In Support Of Chavez
(01 of19)
Open Image Modal
A man passes in front of a graffiti of Venezuelan President Hugo Chavez in Caracas, on January 2, 2013. Chavez is conscious and fully aware of how 'complex' his condition remains three weeks after difficult cancer surgery in Havana, the Venezuelan president's handpicked successor, Vice President Nicolas Maduro, said Tuesday. Maduro, who is returning to Caracas today on January 2, provided no specifics about Chavez's condition but defended the government's efforts to keep the public abreast of the president's health. Chavez underwent his fourth cancer-related surgery three weeks ago in Havana and has been bed-ridden ever since. (LEO RAMIREZ/AFP/Getty Images) (credit:LEO RAMIREZ/AFP/Getty Images)
(02 of19)
Open Image Modal
Supporters of Venezuela's President Hugo Chavez hold his picture during a vigil in Managua, Nicaragua, Sunday Dec. 9, 2012. (AP Photo/Esteban Felix) (credit:AP)
(03 of19)
Open Image Modal
Supporters of Venezuela's President Hugo Chavez gather during a vigil in Managua, Nicaragua, Sunday Dec. 9, 2012. (AP Photo/Esteban Felix) (credit:AP)
(04 of19)
Open Image Modal
A man wearing a T-shirt with a portrait of Venezuela's President Hugo Chavez prays during a vigil in Managua, Nicaragua, Sunday Dec. 9, 2012. (AP Photo/Esteban Felix) (credit:AP)
(05 of19)
Open Image Modal
A person holds up an image of Venezuela's President Hugo Chavez among religious images during a demonstration in support of him at the Simon Bolivar square in Caracas, Venezuela, Sunday Dec. 9, 2012. (AP Photo/Fernando Llano) (credit:AP)
(06 of19)
Open Image Modal
A woman holds a picture of Venezuela's President Hugo Chavez as supporters gather at Simon Bolivar square in Caracas,Venezuela, Sunday Dec. 9, 2012. (AP Photo/Fernando Llano) (credit:AP)
(07 of19)
Open Image Modal
A woman reacts during a demonstration in support of Venezuela's President Hugo Chavez at the Simon Bolivar square in Caracas, Venezuela, Sunday Dec. 9, 2012. (AP Photo/Fernando Llano) (credit:AP)
(08 of19)
Open Image Modal
A woman wears a pin with a picture of President Hugo Chavez that reads in Spanish 'love is repaid with love' as Venezuelan residents gather in support of Chavez in front of the embassy of Venezuela in Havana, Cuba, Sunday, Dec. 9, 2012. (AP Photo/Ramon Espinosa) (credit:AP)
(09 of19)
Open Image Modal
A woman reacts a supporters of Venezuela's President Hugo Chavez gather at the Simon Bolivar square in Caracas,Venezuela, Sunday Dec. 9, 2012. (AP Photo/Fernando Llano) (credit:AP)
(10 of19)
Open Image Modal
Women react as they gather at Simon Bolivar square in support of Venezuela's President Hugo Chavez in Caracas,Venezuela, Sunday Dec. 9, 2012. (AP Photo/Fernando Llano) (credit:AP)
(11 of19)
Open Image Modal
Venezuelan residents in Cuba gather in support of President Hugo Chavez in front of the embassy of Venezuela in Havana, Cuba, Sunday, Dec. 9, 2012. (AP Photo/Ramon Espinosa) (credit:AP Photo/Ramon Espinosa)
(12 of19)
Open Image Modal
A Venezuelan resident in Cuba wearing a T-shirt with an image of Venezuela's President Hugo Chavez and carrying a Cuban flag participates in a demonstration in support of him in front of the embassy of Venezuela in Havana, Cuba, Sunday, Dec. 9, 2012. (AP Photo/Ramon Espinosa) (credit:AP Photo/Ramon Espinosa)
(13 of19)
Open Image Modal
A supporter of Venezuelan President Hugo Chavez attends a rally in Caracas on December 9, 2012. (JUAN BARRETO/AFP/Getty Images) (credit:JUAN BARRETO/AFP/Getty Images)
(14 of19)
Open Image Modal
Supporters of Venezuela's President Hugo Chavez rally in Caracas on December 9, 2012. (JUAN BARRETO/AFP/Getty Images) (credit:JUAN BARRETO/AFP/Getty Images)
(15 of19)
Open Image Modal
A supporter of Venezuela's President Hugo Chavez shows his picture during a rally in Caracas on December 9, 2012. Chavez admitted a relapse of his cancer late Saturday and designated vice president Nicolas Maduro as his heir apparent in case 'something happened' to him. (JUAN BARRETO/AFP/Getty Images) (credit:JUAN BARRETO/AFP/Getty Images)
(16 of19)
Open Image Modal
Supporters of Venezuela's President Hugo Chavez rally in Caracas on December 9, 2012. Chavez admitted a relapse of his cancer late Saturday and designated vice president Nicolas Maduro as his heir apparent in case 'something happened' to him. (JUAN BARRETO/AFP/Getty Images) (credit:JUAN BARRETO/AFP/Getty Images)
(17 of19)
Open Image Modal
Supporters of Venezuela's President Hugo Chavez show a placard with his image during a rally in Caracas on December 9, 2012. Chavez admitted a relapse of his cancer late Saturday and designated vice president Nicolas Maduro as his heir apparent in case 'something happened' to him. (JUAN BARRETO/AFP/Getty Images) (credit:JUAN BARRETO/AFP/Getty Images)
(18 of19)
Open Image Modal
Supporters of Venezuela's President Hugo Chavez show his picture during a rally in Caracas on December 9, 2012. Chavez admitted a relapse of his cancer late Saturday and designated vice president Nicolas Maduro as his heir apparent in case 'something happened' to him. (JUAN BARRETO/AFP/Getty Images) (credit:JUAN BARRETO/AFP/Getty Images)
(19 of19)
Open Image Modal
A statuette depicting Venezuelan President Hugo Chavez is seen on display at a shop in Caracas on January 7, 2012. The church weighed in with four days to go before President Hugo Chavez, who is in Cuba recovering from cancer surgery, is supposed to be sworn in to a new six year term. (Leo Ramirez/Getty Images) (credit:Leo Ramirez/Getty Images)