UPDATE 1-Venezuela's Maduro names Tovar as new central bank chief
CARACAS, Aug 13 (Reuters) - Venezuelan President Nicolas Maduro named Eudomar Tovar as the country's new central bank governor on Tuesday, replacing the incumbent after she had spent less than four months in the job.
The nomination was approved by lawmakers in the National Assembly, which is dominated by Maduro's supporters. Tovar, 56, had served as the head of Venezuela's currency exchange board, CADIVI, and before that as a vice president at the central bank.
The move means that Edmee Betancourt, an industrial engineer and former commerce minister who was appointed to lead the bank by Maduro at the end of April, leaves her position.
She had replaced Nelson Merentes, the previous central bank governor who became Venezuela's finance minister.
Merentes and Tovar face challenging economic conditions including slowing growth, high inflation, sporadic shortages of some staple goods, and complaints from local businesses about lack of access to hard currency to pay for imports.