Pedro Tinoco (1927–1993) was a Venezuelan businessman and politician. Tinoco was

Minister of Finance A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. A finance minister's portfolio has a large variety of names around the world, such as "treasury", ...

from 1969 to 1972, under President

Rafael Caldera Rafael Antonio Caldera Rodríguez ( (); 24 January 1916 – 24 December 2009), twice elected the president of Venezuela, served for two five-year terms (1969–1974 and 1994–1999), becoming the longest serving democratically elected leade ...

. He was then Chairman of the Board of Banco Latino from 1975, and one of

Carlos Andrés Pérez Carlos Andrés Pérez Rodríguez (27 October 1922 – 25 December 2010) also known as CAP and often referred to as ''Venezuelan Spanish#Some examples of Spanish words common in Venezuela.2C including some native Venezuelanisms .28slang.29, El ...

's "

Twelve Apostles In Christian theology and ecclesiology, the apostles, particularly the Twelve Apostles (also known as the Twelve Disciples or simply the Twelve), were the primary disciples of Jesus according to the New Testament. During the life and minist ...

". He resigned in 1989 to take on the presidency of the Central Bank of Venezuela. Under Tinoco's chairmanship of the central bank, interest rates were liberalised with little effective banking supervision, and Banco Latino, which in 1988 was the central bank's largest debtor, went from the country's fifth-largest to second-largest bank. Banco Latino was the first bank to fail in the Venezuelan banking crisis of 1994. He was a candidate in the

1973 Venezuelan presidential election General elections were held in Venezuela on Sunday 9 December 1973.Dieter Nohlen (2005) ''Elections in the Americas: A data handbook, Volume II'', p555 The presidential elections were won by Carlos Andrés Pérez of Democratic Action, who recei ...

, in which he was one of four candidates claiming the backing of

Marcos Pérez Jiménez Marcos Evangelista Pérez Jiménez (25 April 1914 – 20 September 2001) was a Venezuelan military and general officer of the Army of Venezuela and the dictator of Venezuela from 1950 to 1958, ruling as member of the military junta from 1 ...

; he won less than 1% of the vote. Pedro Tinoco was also a professor of Public Finance and Political Economy at

Universidad Central de Venezuela The Central University of Venezuela (Spanish: ''Universidad Central de Venezuela''; UCV) is a public university of Venezuela located in Caracas. It is widely held to be the highest ranking institution in the country, and it also ranks 18th in L ...

. Tinoco was the son of the Pedro Tinoco Smith who was Minister of Interior (1931–35) in the government of

Juan Vicente Gómez Juan Vicente Gómez Chacón (24 July 1857 – 17 December 1935) was a Venezuelan military general, Politician and ruler of Venezuela from 1908 until his death in 1935. He was president on three occasions during this time, ruling through puppe ...

. Tinoco Sr created the law firm Escritorio Tinoco in 1914; Tinoco Jr would later take over the firm and along with his partners make it "a powerful player in the Venezuelan legal market".Manuel A. Gomez 2008
Greasing the Squeaky Wheel of Justice: Networks of Venezuelan Lawyers from the Pacted Democracy to the Bolivarian Revolution
Florida International University Legal Studies Research Paper No. 08-02. p4

References

{{DEFAULTSORT:Tinoco, Pedro 1920s births 1993 deaths Finance ministers of Venezuela Presidents of the Central Bank of Venezuela 20th-century Venezuelan businesspeople