posted lewicowego of the President the decision of the withdrawal of the most commonly used and the most numerous banknotes in denominations of 100 bolivarów (around 2 US cents) resulted in huge queues in banks of people wanting to get rid of these notes, robbery and looting of shops, as well as anti-government protests. In several cities imposed curfews and there were numerous arrests.
Banknotes withdrawn from circulation for before are now available in denominations of 500, 2000 and 200000 bolivarów. Maduro, in his speech from the presidential Palace, said that this was due to the delayed arrival of three aircraft with the new banknotes. He argued that it was the result of “sabotage of enemies of the people”.
“One of the planes, hired and paid through Venezuela, has received a request for a change of course and flying to another country. Other did not granted the right of flight over one of the countries,” said Maduro.
In this situation, many Venezuelans were suddenly deprived of the ability to pay the daily bills for food, fuel, electricity etc. and also to make purchases and this in the period preceding the feast of the Nativity.
in addition, one of the world’s highest inflation figures and a relatively small value of non-cash turnover lead to the fact that in order to purchase commodities you need to carry the proverbial bags of money. For example, a hamburger will have to pay approx. 500 bolivarów.
Ok. 40%. Venezuelans do not have a Bank account, which leads to the fact that you can’t use of electronic transactions.
Venezuela faced a long time with ever-deepening economic crisis. Decisions Maduro, like the recent closures of borders with One and Brazil, not only does not improve the situation but make it worse.
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