Economic policy of the Nicols Maduro government

Venezuela Delays Banknote Withdrawal

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Venezuela’s President Nicolas Maduro has delayed the withdrawal of the 100-bolivar banknote until 2 January. The sudden change of policy comes after days of economic chaos. In a national broadcast, Mr Maduro claimed his country had been the victim of international sabotage, which had prevented new larger currency notes arriving in time. Many Venezuelans have … Read more

Venezuela To Swap Highest Denomination Banknotes For Coins

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The Venezuelan government has announced that it will replace the country’s highest-denomination banknotes with coins within 72 hours. It hopes this will help to combat smuggling and tackle the chronic shortage of food and other basic items. President Nicolas Maduro says gangs that operate in border areas will not have time to repatriate the money. … Read more