Facts: - president: rafael caldera - successor: luis enrique oberto - death date: 1993 - office: venezuelan minister of finance - term end: 1972 - term start: 1969 - birth date: 1928 - name: pedro r. tinoco , jr. . - nationality: venezuelan Based on these bullet points, write a short biography describing the life of pedro tinoco .
A:
pedro tinoco -lrb- c. 1928 -- 1993 -rrb- was a venezuelan businessman and politician .tinoco was minister of finance from 1969 to 1972 , under president rafael caldera .he was then chairman of the board of banco latino from 1975 , and one of carlos andres perez 's '' twelve apostles '' .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 venezuelan presidential election , 1973 , in which he was one of four candidates claiming the backing of marcos perez jimenez ; 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 .tinoco was the son of the pedro tinoco smith who was minister of interior -lrb- 1931-5 -rrb- in the government of juan vicente gomez .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 '' .