Validity of 100 Bolivares Bill Gives Confidence to Venezuelans

Caracas, Mar 20 (Prensa Latina) The extension of life to the 100 bolivars bill by a new decree of President Nicolás Maduro generates confidence in the population and banishes despair for its change in banking institutions.

Although it will gradually come out of circulation, the brown ticket, until recently the largest denomination in the country, will disappear from the monetary cone, said the president of the Central Bank of Venezuela, Ricardo Sanguino, before Maduro extended his life for the fifth time.

When many thought it would go down in history, the president signed a decree that extends until April 20 its validity.

‘I have decided to extend until April 20, once again, the validity and smooth circulation of the ticket of 100 bolivars that has been the object of this international war,’ the president said Friday.

Maduro signed a decree of Economic Emergency on December 11, 2016, to remove it from circulation. As he explained, it would be replaced by a currency of the same denomination and other pieces that would conform the new monetary cone.

The initial announcement caused big queues in the banks, because nobody wanted to lose money and uncovered an uncontrollable rise of the parallel dollar, in which internal and external opposition sectors tried to give a coup de grace to the government after a sustained economic war.

Now, when everyone was waiting for the death of the paper, of which 40 million were occupied some days ago in Brazil and a few tons in Paraguay, showing the war to demonetize Venezuela, the president extended his life due to reports that the ATMs The banks are not yet ready.

It is inconceivable that the banks take two months to adapt the ATMs to the new monetary cone that integrates the new 500, 1,000, 2,000, 5,000, 10,000 and 20,000 bolivars, Maduro said.

sus/lam/lb

Advertisements

Leave a comment

Filed under vENESUELA

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s