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Former Venezuelan President Lusinchi, who struggled to tame economic crisis, dies at age of 89

Former Venezuelan President Jaime Lusinchi has died at age 89.

His death in Caracas from a long infection was confirmed by members of his Democractic Action party.

Lusinchi entered politics at a young age as an opponent of dictatorial rule in Venezuela and was jailed and later exiled during the 1950-1958 rule of Marcos Perez Jimenez.

As president, he struggled with an economic crisis marked by galloping inflation and a plunge in the currency that made it impossible for Venezuela to service its foreign debt.

Lusinchi recovered some of his popularity toward the end of his 1984-1989 rule by boosting salaries and applying price caps. But his reputation was forever tarnished by allegations of corruption after leaving office.