Venezuela was extended Thursday for the second time, and until January 20, the validity of the ticket of 100 bolivars to the delay in the putting into circulation of the new cone monentario.
“I have decided by decree the extension until January 20, the validity of the banknotes 100 bolivares (…) for all the world to pass their end-of-year quiet”, announced president Nicolas Maduro in chain of radio and television.
The president socialist took away the 15 of December the ticket of 100 bolivars, the higher value and circulation, equivalent to 0,15 us-dollars, which reached whether to buy a candy.
But three days later extended his term until January 2, before the delay in the appearance of the new cone-monetary, which caused serious unrest due to the lack of cash, with the balance of four dead and hundreds of shops looted.
The update of the cone, monetary, whose entry into force has still not date, was announced in early December, given the strong devaluation of the local currency and the inflation, the highest in the world (475% in 2016 according to the IMF).
The new bill of the largest denomination will be of 20,000 bolivars, 200 times more than the current one. They already became the first, as well as the 5,000 and 500, but are in the power of the Central Bank of Venezuela (BCV).
Stress-monetary
In the streets of Caracas had emerged the concern about the withdrawal of the ticket 100 on the approach of the 2 of January, and not seen even the of 500 bolivars, which began to arrive on the 18th of December.
Some merchants, such as Richard War, an seller of candy in the center of Caracas, had advised their clients that up until this Thursday I would accept banknotes of 100 to not have to run to make queues in the banks, in the New Year, to change them.
Now, Richard will have no choice but to re-accept as you will have value for three more weeks.
The economist Alberto Martinez said that the update of the cone, monetary has been “very poorly organized”.
“If you don’t want to cause stress on the system, it has to do with time. As we enter the new notes, withdraw the old, and both must live together in several months. This must have started more than a year ago, the inflation forced him,” Martinez said to the AFP.
The deputy opposition economist Jose Guerra, exdirectivo of the Central Bank of Venezuela, also criticized the measures.
“a New extension to the given ticket of 100. I had not seen a government as a pirate (improvised) as the Maduro to replace the tickets,” he wrote on Twitter.
Delays and sabotage
Shortly before the announcement by Maduro of the new extension, came the first shipment of banknotes of 20,000 and 5,000 bolivars to the international airport in Maiquetia, from Malta.
“Of 20,000 bolivars have reached 2.9 million pieces by a value 58,000 million bolivars, and 5,000 bolivars have reached 4.5 million pieces by a value 22,500 million bolivars,” said Jose Khan, vice-president of the BCV.
Khan said, in addition, that 60 million pieces of the ticket of 500 bolivars are already in Venezuela. Up to now only began to circulate coins of 50 bolivars.
“it will Be announced in the month of January, the exact day in which they leave the new banknotes to the street,” said Maduro in his speech from the government palace.
This Thursday, the agent returned to accuse the united States because of be responsible for tickets that have not arrived to the country on the 15th of December, as planned. “They have a delay that is important, the product of sabotage,” he said.
According to Ripe, a company of aviation “began to be pushed from the Treasury Department of the united States” and when he was going to mobilize three aircraft to bring the tickets, “they cancelled the permission of operation”. the (I)
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