Sunday 18 December 2016

SEE WHAT $100 (N31,500) LOOKS LIKE IN VENEZUELA




IN OTHER COUNTRIES, IF I SHOW YOU THIS. YOU WILL THINK I AM RICH. BUT NOT IN VENEZUELA, ALL THIS ARE WORTH LES. THIS IS JUST A $100 (N31500).


Venezuela's President Nicolas Maduro made a sudden change of policy which delayed the withdrawal of the 100-bolivar banknote until 2 January.

The change of policy came after days of economic problem in the country.

The government had said the scrapping of the 100-bolivar note was necessary to tackle smuggling by gangs who are stockpiling it abroad, a move by the gangs which he described as part of the "economic war" being waged against his government.


Many Venezuelans have spent several days in long queues trying to hand in or swap the old notes.

while speaking In a national broadcast, Mr Maduro claimed his country had been the victimised by  international sabotage, which had prevented new 500-bolivar currency notes from arriving in time.


Thousands of shops have been closed because of the shortage of cash, and the public have been forced to rely on credit cards or bank transfers. Many were left unable to buy food, and this spark protest around the country  with people mocking the 100 bolivar,  shops were looted.


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