VENEZUELAN President Nicolas Maduro has said that the new Constituent Assembly will act this week to end the economic war on the country.

In a television interview on Sunday with veteran journalist Jose Vicente Rangel, Mr Maduro said the three-week-old assembly would take steps to end black-market speculation that caused soaring inflation.

The assembly’s economic commission, made up of representatives of the labour and business sectors, will announce measures to ensure the government price cap on foodstuffs and other goods is respected, he said.