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Bolivar banknotes withdrawn in fight against trafficking

President Nicolas Maduro announced on Sunday that all 100-bolivar (8p) notes, currently the largest denomination, would be withdrawn from circulation on Wednesday.

Venezuelan authorities have accused Colombian organised crime gangs of smuggling warehouses full of the notes out of the country to print counterfeit US dollars on the paper.

The 6.1 billion 100-bolivar notes in circulation make up 48 per cent of legal tender.

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