
Venezuela’s National Assembly rejected this Friday reports claiming it hired U.S. economist Steve Hanke, launching an investigation into those who spread the fake news.
The President of the Venezuelan Assembly, Jorge Rodríguez, announced an exhaustive investigation to determine responsibilities after private media published the false rumor. He confirmed that the Board of Directors discovered that certain lawmakers leaked the false information to local and international media outlets.
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Jorge Rodríguez emphasized that macroeconomic decisions and monetary policies correspond exclusively to the Executive Power and the Central Bank of Venezuela (BCV).
The legislative President recalled that the U.S. economist is known as the architect of Argentina’s currency board system. That economic model eventually collapsed, destroying Argentina’s economy during the administration of former neoliberal President Carlos Menem. In this sense, Rodríguez stated that Venezuela already defeated hyperinflation through its own sovereign economic policies.
Text reads: “The National Assembly’s Board of Directors will launch an investigation against those who promoted fake news about the alleged hiring of Steve Hanke, to address economic issues in our country. Venezuela has long since defeated hyperinflation!”
The National Assembly President urged media organizations to regain journalistic rigor by verifying claims directly with the involved parties. He criticized the actions of lawmakers who spread groundless claims, reiterating that Venezuela has never considered contracting Steve Hanke under any condition.
This investigation aims to preserve the institutional integrity of the parliament against destabilizing economic narratives. The legislative leadership reiterated that decisions regarding the national currency and macroeconomic strategies remain under the strict jurisdiction of the central government.
New Housing Law Passed
During the extraordinary session, the National Assembly also unanimously approved the Law for the Promotion and Protection of Housing Construction. This new legal instrument deeply modifies the previous Law Against Real Estate Fraud to boost the domestic construction sector.
The approved legislation guarantees the fundamental right to adequate housing under conditions of legal security, financial viability, and transparency. The law also addresses the economic conditions of families affected by the June 24 double earthquake to facilitate their access to new housing.
The text establishes the direct oversight, regulation, and inspection of the construction sector under the Ministry of Housing and Habitat. This state supervision aims to prevent speculative practices while promoting private and public partnerships in housing development across the country.
Jorge Rodríguez explained that the statute protects both construction developers and home buyers to prevent situations that threaten housing rights. The legislation seeks to stimulate the national real estate sector while maintaining strict safeguards against speculation and structural fraud.
#21Ago || Queda probado el Proyecto de
Ley de Promoción y Protección de la Construcción de Viviendas pic.twitter.com/XSkBYilmq8
— Asamblea Nacional
(@Asamblea_Ven) August 21, 2026
Text reads: “Housing Construction Promotion and Protection Act was approved”.
By regulating the housing sector directly, the government seeks to foster investment while shielding families from predatory real estate practices. This law establishes a transparent financial framework designed to accelerate housing construction projects across all regional municipalities.
With the legislative actions, the Venezuelan Assembly reaffirmed its focus on defending institutional stability and social rights. The double agenda of combating disinformation and passing social laws marks the current legislative period in the South American nation.
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