Skip to main content
Regional secretary with the National Education Union
Banknote withdrawal deals blow to economic sabotage

VENEZUELA took almost half its paper currency out of circulation yesterday in a massive blow to the economic war against the country.

All 100 bolivar notes, currently the largest denomination and 48 per cent of legal tender, were withdrawn from circulation to be replaced by newly minted coins and notes in larger denominations.

Citizens had a week-long window to deposit or exchange the notes.

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
More from this author
A Turkish missile is fired at Kurdish forces in Afrin
World / 9 February 2018
9 February 2018
United States / 9 February 2018
9 February 2018
South America / 9 February 2018
9 February 2018
South Africa / 8 February 2018
8 February 2018
Similar stories
GLEEFULLY BRUTAL: Prison guards transfer deportees from the
Features / 14 April 2025
14 April 2025
Without due process, hundreds of Venezuelans living in the US have been arrested, slandered as terroristic criminals and sent flown in chains to El Salvador’s notorious mega-prison under an obscure 18th-century law, reports JOHN PERRY
FIRM REBUFF TO SEDITION: National Assembly President Jorge R
Features / 6 December 2024
6 December 2024
The new ‘Bolivar’ Act expands the brutal sanctions programme as the Trump team signals a return to aggressive regime change and foreign mercenaries plot insurrection and assassination, writes TIM YOUNG
Protesters demonstrate against the official election results
Features / 31 July 2024
31 July 2024
The day after the Venezuelan people voted in their presidential elections, a number of seemingly pre-planned and co-ordinated bloody protests broke out across Caracas, reports PEOPLE’S DISPATCH