Paraguays Central Bank to count 30 tons of Venezuelan bills

[Archae]

Source: WBAY, ABC affiliate in Green Bay, WI

ASUNCION, Paraguay (AP) — Central Bank employees will count about 30 tons of Venezuelan currency seized in a private house in Paraguay, while officials try to figure out why the vast quantity of 50- and 100-bolivar bills was brought into the country.

The cash was discovered in Salto del Guaira, a city about 370 kilometers (230 miles) northeast of the capital of Asuncion, on the border with Brazil in a region known for the contraband trade.

Paraguayan officials said they are trying to determine whether the money was brought into the country legally. The only person detained so far is Leandro Da Costa, owner of the house where the money was found.

Read more: http://wbay.com/ap/paraguays-central-bank-to-count-30-tons-of-venezuelan-bills/

---

30 tons of Venezuela money?
What's that worth, about a buck and a half?

No, I read elsewhere that they might want the bills for the paper, which can be used for printing fake US money.

[Brother Buzz]

1. Well, that could explain to TP shortage in Venezuela

[Lucky Luciano]

2. Nice!

[COLGATE4]

3. I think you're actually correct with the idea that these

could be "washed" and then used to reprint counterfeit currencies. It's a really cheap way to get currency paper at bargain-basement prices.

[briv1016]

4. According to google 100 Bolivar is worth about $10.

So think of it as a house full of $5's and $10's.

[politicat]

5. Removing small money is a known means of breaking an economy.

It happened most recently in 2008 in Argentina. http://content.time.com/time/world/article/0,8599,1859249,00.html

Pull enough of the small, circulating money out for long enough, and it triggers both inflation and stagnation.