- Title: Venezuela 100-bolivar notes to remain valid until Jan 20
- Date: 29th December 2016
- Summary: CARACAS, VENEZUELA (FILE) (REUTERS) CLOSE-UP OF A PERSON COUNTING 100-BOLIVAR NOTES VARIOUS OF PEOPLE SHOWING 100-BOLIVAR NOTES VARIOUS OF THE EXTERIOR OF THE CENTRAL BANK OF VENEZUELA
- Embargoed: 13th January 2017 22:28
- Keywords: Venezuela currency 100-bolivar bolivars bolivar Nicolas Maduro
- Location: CARACAS, VENEZUELA
- City: CARACAS, VENEZUELA
- Country: Venezuela
- Topics: Currencies/Foreign Exchange Markets,Economic Events
- Reuters ID: LVA0025EXTIKJ
- Aspect Ratio: 16:9
- Story Text: EDITORS PLEASE NOTE: EDIT CONTAINS MATERIAL WHICH WAS ORIGINALLY 4:3
Venezuelan President Nicolas Maduro on Thursday (December 29) said his government is extending the use of 100-bolivar notes until January 20.
Maduro made the announcement during an address over state television while also saying that new 5,000 and 20,000-bolivar notes had arrived to Caracas' Simon Bolivar International Airport, also known as Maiquetia.
"I have to announce that several million of the new $5,000 and $20,000 bolivar notes have arrived to Maiquetia (the Simon Bolivar International Airport)," Maduro said.
"I want to announce that I've decided to make a decree to extend the validity of the 100-bolivar notes until January 20," he added.
Maduro had previously said these bills would no longer serve as legal tender as of January 2, as the OPEC nation brings in the higher-denomination bills in response to triple-digit inflation.
The 100 bolivar bills is worth 4 U.S. cents at the black market currency rate.
Many Venezuelans have found themselves without the means to pay for food or gasoline.
About 40 percent of Venezuelans do not have bank accounts, and so cannot use electronic transactions as an alternative to cash. - Copyright Holder: FILE REUTERS (CAN SELL)
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