Venezuela postpones currency move after chaos, protests

[Eugene]

Source: Reuters

WORLD NEWS | Sat Dec 17, 2016 | 7:04pm EST

Venezuela postpones currency move after chaos, protests

By Corina Pons and Andrew Cawthorne | CARACAS

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

[Marksman_91]

1. The turd of Maduro is claiming the planes carrying the new bills were sabotaged

How much more pathetic with excuses can you fucking get? Seriously

[Bacchus4.0]

2. More on the plane sabotage

http://www.aljazeera.com/news/2016/12/venezuela-demonatisation-chaos-161218045541946.html

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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.

"One plane, contracted and paid for by Venezuela, was told in flight to change direction and go to another country," he said, without specifying who had given the orders. "There's another which was not given flyover permission."

Many Venezuelans had found themselves without the means to pay for food, gasoline or Christmas preparations in a country already reeling from a profound economic crisis.

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"We have a government utterly stupid and destructive in economic management, whose only goal is to keep power at whatever price," said opposition leader Julio Borges.