Profile image
Story Views

Last Hour:
Last 24 Hours:

Violence erupts as Venezuelans scramble to replace void banknote!

Saturday, December 17, 2016 4:08
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Police have opened fire on protesters in parts of Venezuela after looting broke out due to a severe cash crisis. 

It follows a move by the Latin American country’s Socialist government to pull the nation’s most widely used banknote from circulation. 

Amid the highest inflation rate in the world, the 100 bolivar bill was worth just two US cents before it ceased to be legal tender last week.

Despite promises from President Nicolas Maduro, that new, higher denominated cash bills were ready, they are nowhere to be seen, leaving most Venezuelans without any viable currency. 

“I have been here since four o’clock yesterday afternoon. I’ve not had any lunch or breakfast because of these damn bills that nobody wants anywhere,” said one woman outside a bank. 

The latest wave of economic chaos in Venezuela has sparked panic resulting in large queues outside banks as people scramble to deposit and replace the worthless bills. 

Many cash points are reported to be broken or empty, or even still distributing the defunct currency, forcing many people to rely on credit cards and bank transfers to get by.


Video at:



Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.