Venezuela’s government ordered all 100-bolivar bank notes out of circulation within 72 hours, amid a hard cash shortage and the scheduled release this week of bigger bank notes.
“There has been a scam and smuggling of the one hundred bills on the border with Colombia. We have tried the diplomatic way to deal with this problem with Colombia’s government; there are huge mafias,” President Nicolas Maduro said on state television.
Maduro signed a new emergency economic decree to fight ”currency attacks” and an alleged “economic war.”
The Emergency Election Sale is now live! Get 30% to 60% off our most popular products today!