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IPFS News Link • Venezuela

Venezuela Deploys National Guard As Venezuelans Protest Worthless Cash

• zerohedge.com by Tyler Durden

As hyperinflating Venezuela's latest experiment in monetary lunacy continues with president Maduro announcing earlier this week he would remove 75% of the physical cash in circulation by eliminating the highest denomination 100 Bolivar bill, desperate and cashless Venezuelans, angry that the government hasn't exchanged their voided bank notes as officials had pledged, on Friday rose up in protest and looted stores across parts of Venezuela.

Waving the now-worthless 100-bolivar bills, pockets of demonstrators blocked roads, demanded that stores accept the cash, and cursed President Nicolas Maduro in a string of towns and cities around Venezuela, witnesses said.

Waving the now-worthless 100-bolivar bills, pockets of demonstrators blocked roads, demanded that stores accept the cash, and cursed President Nicolas Maduro in a string of towns and cities around Venezuela, witnesses said.  Dozens of shops were looted in various places.


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