Reuters: Venezuela postpones currency move after chaos, protests
Venezuelan President Nicolas Maduro suspended on Saturday the elimination of the country's largest denomination bill, which had sparked cash shortages and nationwide unrest, saying the measure would be postponed until early January.
The surprise pulling of the 100 bolivar note from circulation this week - before new larger bills were available - led to vast lines at banks, looting at scores of shops, anti-government protests and at least one death.
Maduro, speaking from the presidential palace, blamed a "sabotage" campaign by enemies abroad for the delayed arrival of three planes carrying the new 500, 2,000 and 20,000 bolivar notes.
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WNU Editor: It is too late. The damage has already been done.
More News On Venezuela Extending The Use Of The 100-Bolivar Bill To Stop Looting And Riots
Venezuela Extends Use of 100-Bolivar Bill to Halt Looting, Riots -- Bloomberg
Venezuela Extends Use of 100-Bolivar Note to Jan. 2 -- WSJ
Venezuela postpones scrapping biggest banknote after plane carrying cash fails to arrive in country -- The Independent
Venezuela's Maduro extends use of 100-bolivar note amid social unrest -- DW
Venezuela reinstates the 100-bolivar banknote -- euronews
Venezuela postpones demonstration after chaos -- Al Jazeera
3 comments:
What a mess! Organization is an unknown word with Maduro. Why taking the 100 Bolivar before having the replacement one's? Socialist Bureaucracy. Poor people!
Feel sorry for this people , similar economic thing has happened in my eastern european country in the 90 ...
I am enjoying a large bowl of popcorn and a comfortable spot on the divan while watching the tragi-comic opera of Venezuela play out.
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