KnowraJaime LusinchiJaime LusinchiJaime Lusinchi was a Venezuelan physician and politician who served as president of Venezuela from 1984 to 1989.BriefConnectVenezuelan economic crisis of 1983: A currency and debt crisis that began in Venezuela in 1983, ending decades of fixed exchange-rate stability. Lusinchi inherited its economic pressures when he took office.Democratic Action: A Venezuelan social-democratic political party founded in 1941 and a major force in the country’s democratic governments. Lusinchi was a leading member of the party that nominated him for president.Foreign exchange controls in Venezuela: Government restrictions governing the conversion and allocation of foreign currency in Venezuela. Lusinchi’s government used controlled exchange rates and preferential currency allocation to manage scarce dollars.Venezuelan Federal War: A civil war fought in Venezuela from 1859 to 1863 between federalists and centralists. Lusinchi was born in a country whose political history included recurring struggles over federal authority.Rómulo Betancourt: A Venezuelan politician who served as president from 1945 to 1948 and 1959 to 1964 and helped establish Democratic Action. Betancourt’s political legacy shaped the party tradition in which Lusinchi rose.Venezuelan presidential election of 1983: The election in which Jaime Lusinchi defeated Rafael Caldera to become Venezuela’s president. It gave Lusinchi a strong mandate before the economic difficulties of his presidency.Carlos Andrés Pérez: A Venezuelan politician who served as president from 1974 to 1979 and again from 1989 to 1993. Pérez succeeded Lusinchi and inherited the economic crisis that became acute in 1989.Recadi: Venezuela’s differential foreign-exchange control system, established in 1983 and dismantled in 1989. The system operated throughout most of Lusinchi’s term and became associated with corruption allegations.Anzoátegui: A state in northeastern Venezuela, bordering the Caribbean Sea. Lusinchi was born in Clarines, a town in Anzoátegui.Hugo Chávez: A Venezuelan military officer and politician who served as president from 1999 to 2013. Chávez’s later political movement challenged the two-party order that shaped Lusinchi’s career.Show all 24Linked from 2 pagesLuis Herrera CampinsRelated: Lusinchi succeeded Herrera Campins and inherited a worsening economic crisis.Show all 2