Κυριακή 18 Δεκεμβρίου 2016

Venezuelan President Nicolás Maduro announced yesterday the extension until January 2 for the withdrawal of the bill with the largest denomination in the country (100 Bolivar)


 The sudden decision to withdraw has caused a lack of liquidity, angry protests and looting in the midst of a deep economic crisis in the country.

A week ago the Madouri suddenly announced the government's decision to withdraw the bill 100 Bolivar (US $ 0.15) used in 75% of transactions, giving a deadline of December 20 for people to replace the withdrawn banknotes.

"I decided the extension movement of the banknote 100 Bolivar until January 2," said Madouri yesterday at a government meeting broadcast on state television.

The measure, according to the president of the country, aims to combat "international mafia" which guide, in accordance with Madouri, the US to asphyxiate the country's economy. For this reason, it ordered the temporary closure of the country's border with Colombia and Brazil.

Faced with the lack of liquidity and inflation galloping, hundreds of people, defying the ban on government crossed the border.

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