For the second day in a row, venezuelans have faced the crisis overcome the day without cash after the ticket of 100 bolivars, the largest circulation in the country, to remain without the power of payment and in the midst of a harsh rationing of the currency of smaller denomination. Due to the wave of protests, the venezuelan president, Nicolás Maduro, ran until January 2, the deadline for change and use the tickets.
The decision also applies to the closure of border crossings with Brazil and Colombia, closed for almost a week in order to avoid banknotes that have been removed because of “mafias currency” to return to the country.
Looting. Before the announcement there were several protests in the interior of the country, where, especially in rural areas, payment methods other than cash are difficult to access. In the state of Bolivar, one of the main mining areas in the south of the country and on the border with Brazil, authorities reported several protests and looting in shops by the lack of money in circulation to make the purchases.
The governor of that state, the chavez Francisco Rangel Gómez, accused the opponents of the Government of Nicolas Maduro to promote these actions. At least 135 people were arrested and increased the deployment of security officials.
Emergency. the mayor of The municipality of Sifontes of the state of Bolivar, the opponent Carlos Chancellor, reported that the town was declared in emergency by the protests, violence and looting in the shops, which caused losses “millionaire” to traders.
Meanwhile, in Caracas, where the headquarters of the Central Bank of Venezuela (BCV) the only institution that initially had until next Tuesday to redeem tickets that were not able to be changed in the private banking during the first 72 hours, and have formed rows of hundreds of people from the early morning waiting for their turn to be attended to.
The BCV available to 150 booths in Caracas, operating for 24 hours until Tuesday for the venezuelan people to deposit their banknote 100 bolivares.
Measures. The Government demanded in a statement the immediate abolition of the ticket of 100 bolivars in the atms of the bank network national continued to be dispensed in the last few days despite the fact that it was taken out of circulation. In addition, it reiterated the free services of public transport network government until next Tuesday, as well as the exemption from payment of toll on freight vehicles in tolls until January 15, 2017, in response to the shortage of cash and the period of redemption.
In the capital of the oil-rich country most of the atms do not dispense a banknote of any denomination, and the banks pay at the ticket office only up to 10,000 bolivars per person, an amount that would, for example, to buy 15 loaves of bread.
The venezuelans were expected to enter into circulation the new banknotes with denominations of 500; 1,000; 2,000; 5,000; 10,000 and 20,000; and coins of 10, 50, and 100 bolivars, which had been announced by the Executive, but till now, no entity has distributed the tickets.
Sabotage. The president of Venezuela, Nicolas Maduro, reported this Saturday afternoon that the reason that the new banknotes, which were to enter into circulation in the last 15 days, have not arrived to the country is an “international sabotage” to affect the venezuelan economy. For this reason, his Government is “easing” the entrance of the paper currency in new denominations, which shall be in legal tender.
however, in the announced of last time made by the contractor at the end of the night, it was made clear that the circulation of the new banknotes would be rescheduled. The decision to replace the current cone, monetary, circulating since 2008, seeks to confront the inflation and facilitate the management of cash during the last few years had become cumbersome for large volumes of banknotes required to make payments simple cash. (EFE).
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