Venezuela postpones currency move after chaos, protests

[Eugene]

Source: Reuters

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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The 100 bolivar bills, officially out of use since Thursday and worth just 4 U.S. cents at the black market currency rate, can now be used until Jan. 2, Maduro said.

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Read more: http://www.reuters.com/article/us-venezuela-economy-idUSKBN1460TD

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WORLD NEWS | Sat Dec 17, 2016 | 7:04pm EST
By Corina Pons and Andrew Cawthorne | CARACAS

[Archae]

1. The usual from Maduro...

"Sabotage" based solely on Maduro's accusation.

[7962]

2. how long before the people take to the streets demanding an end to this fiasco?

And the return of some sort of sanity in that poor country?

[EX500rider]

3. A puzzled Santa, reading through a long Christmas wish-list. ....

"But this is all food!" Santa is saying to an elf. The elf - grim-faced - looks back at Santa. "It's the Venezuelan list," he says...


http://www.bbc.com/news/magazine-38336054

[Dreamer Tatum]

4. Most of the pro-Maduro crowd still posts regularly on DU

wonder why they can't be bothered to post on these threads?

[Archae]

5. Because none of these problems happened.

Just like in other far-left countries like the Soviet Union, North Korea, China, etc.

Officially any problems simply don't exist, (never mind evidence,) or are the fault of the CIA.

[7962]

6. They will, soon as they make up some excuse for Maduro & the "revolution" nt

[Bacchus4.0]

7. Chavismo didn't work out so well for them nt

[Marksman_91]

8. Those UI's simply won't admit that Chavismo was an utter failure

And if they do, they'll blame US intervention for it, because apparently it's the same situation as Chile in 1973, according to them anyway.