Wednesday May 14, 2025
  • Venezuela
  • Mexico
  • Colombia
  • Chile
  • Brazil
  • Argentina
  • Podcast
Versión Español
PanAm Post
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact
No Result
View All Result
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact
No Result
View All Result
PanAm Post
No Result
View All Result

Home » Venezuelans Still Waiting for New Bills after Cash Ban Chaos

Venezuelans Still Waiting for New Bills after Cash Ban Chaos

Karina Martín by Karina Martín
December 22, 2016
in Economics, Featured, News Brief, NL Daily, Politics
FacebookTwitterTelegramWhatsapp
Venezuela cash ban
The banknotes allegedly arrived over 72 hours ago. (800noticias)

EspañolVenezuela continues to wait for new physical money to arrive to the country to combat hyperinflation.

Despite the fact that the first plane with supposed VEF $500 (US $0.18) bills arrived more than 72 hours ago, citizens have not yet seen any of that money.

RelatedArticles

CNN Fake News: The Network’s Efforts to Justify Its Actions May Be Worse than Its Actual Flawed Reporting

CNN’s audience in 2024 was the lowest in its history

December 21, 2024
The silence of the Democrats will be the main course on Thanksgiving

The silence of the Democrats will be the main course on Thanksgiving

November 28, 2024

Vice President of the Central Bank of Venezuela Jose Khan said he received 11.5 million bills of VEF $500 on Tuesday, December 20. Banks have reportedly confirmed to local media that they have not received any of it to date.

The bills that should have come into circulation last Thursday, December 15 are still absent from circulation, and some experts said they wouldn’t be enough even if they were.

The bills “would only reach to meet the demand of a single large bank” so it is possible that the extension will be made through January 2.

The absence of new physical money that’s supposed to be “more adapted” to hyperinflation in Venezuela has caused riots in nine cities and resulted in 424 detainees, according to the Public Prosecutor’s Office.

 

Faced with the country’s economic uncertainty, the opposing party of the National Assembly made proposals to fight the cash crisis, insisting on the need to extend the validity of the Bolivar.

“Let the indefinite circulation of 100 banknotes be allowed and the 50, 20, 10, 5 and 2 papers live with the new banknotes that will gradually stop the shortage of cash,” Economist and Opposition Deputy José Guerra said.

Sources: La Patilla; El Tiempo.

Tags: crisis in Venezuelainflation in Venezuela
Karina Martín

Karina Martín

Karina Martín is a Venezuelan reporter with the PanAm Post based in Valencia. She holds a bachelor's degree in Modern Languages from the Arturo Michelena University.

Related Posts

CNN Fake News: The Network’s Efforts to Justify Its Actions May Be Worse than Its Actual Flawed Reporting
Ideology

CNN’s audience in 2024 was the lowest in its history

December 21, 2024
The silence of the Democrats will be the main course on Thanksgiving
Culture

The silence of the Democrats will be the main course on Thanksgiving

November 28, 2024
These are the 21 individuals sanctioned by the U.S. for fraud and repression in Venezuela
Elections

These are the 21 individuals sanctioned by the U.S. for fraud and repression in Venezuela

November 27, 2024
Yamandú Orsi, from the leftist Frente Amplio, wins the Presidency of Uruguay
Elections

Yamandú Orsi, from the leftist Frente Amplio, wins the Presidency of Uruguay

November 24, 2024
Can Socialism Compete “On Equal Terms” in the Field of Ideas?
Argentina

Can Socialism Compete “On Equal Terms” in the Field of Ideas?

November 20, 2024
"The people must come to an agreement," said Colombian President Gustavo Petro regarding the outcome of the elections in Venezuela, ignoring the fact that Venezuelans had already expressed themselves at the polls. (File photo)
Colombia

Petro Calls Venezuelan Elections a “Mistake”: What Lies Ahead for Colombia?

November 19, 2024
Next Post
Report Predicts Further Unrest in Venezuela without Regime Change

Report Predicts Further Unrest in Venezuela without Regime Change

Subscribe free and never miss another breaking story

  • Venezuela
  • Mexico
  • Colombia
  • Chile
  • Brazil
  • Argentina
  • Podcast

© 2024 PanAm Post - Design & Develop by NEW DREAM GLOBAL CORP. - Privacy policy

No Result
View All Result
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact

© 2024 PanAm Post - Design & Develop by NEW DREAM GLOBAL CORP. - Privacy policy

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. Privacy and Cookie Policy.