Venezuelans mock 'useless' banknote

[Eugene]

Source: BBC


[font size=1]Venezuelan website Mundo24 said it was "Game Over" for the 100-bolivar note[/font]

Venezuelans mock 'useless' banknote

13 December 2016 Latin America & Caribbean

Venezuelans have been trying to think of uses for their highest-denomination banknote, the 100-bolivar bill, after President Nicolas Maduro announced it would be taken out of circulation within 72 hours.

After that time, during which Venezuelans will be able to deposit them into their account or exchange them for different notes or coins, the banknotes will no longer be legal tender.

While people will be given a 10-day grace period in which they can they exchange the bills at the central bank, many fear that long queues and the sheer number of 100-bolivar notes in circulation - six billion - will make it impossible for everyone to do so.

Twitter user @RPolicial imagined what his trip to the bank would look like.


[font size=1]With a huge number of 100-bolivar notes in circulation, Venezuelans are expecting to have to carry large amounts of the bills to the bank[/font]

[font size=1]-snip-[/font]

Read more: http://www.bbc.com/news/world-latin-america-38301248

[Warpy]

1. 10 lousy days?

Ten weeks might have been more realistic.

This might be the final straw and Maduro's hamfisted reign might soon be over.

They won't like the right winger who replaces him, either, bit it's hard to think of anyone more clueless than Maduro has been.

[Bacchus4.0]

2. Unfortunately, he will probably make it to 2018 when there is supposed to be an election

I doubt there will be an election though because chavistas will lose if there is as we saw last year.