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2016-12-16 — reuters.com
Protests and looting broke out in parts of Venezuela on Friday due to a lack of cash after the socialist government suddenly pulled the nation's largest banknote from circulation in the midst of a brutal economic crisis.
Waving the now-worthless 100-bolivar bills, pockets of demonstrators blocked roads, demanded that stores accept the cash and cursed President Nicolas Maduro, witnesses said. ... With new bills - originally due on Thursday - still nowhere to be seen, many Venezuelans were unable to fill their vehicles' fuel tanks to get to work, buy food or purchase Christmas gifts. ... Maduro held up the new bills during a televised broadcast on Thursday night and said they would come into circulation soon. But that did not calm nervousness on the streets. The arrival of the new notes "is a mystery to us too," said a source at the central bank, who requested anonymity because he was not authorized to speak to reporters. Looks like they were encouraged by India's esteemed de-cashification experiment... source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |