Venezuelans prepare for largest currency note to be yanked
CARACAS, Venezuela — Venezuelans are rushing to spend their 100-bolivar notes after President Nicolas Maduro’s announcement they will be taken out of circulation to stop the “mafias” who smuggle contraband on the Colombian border.
The government has promised to issue new, higher-denomination bills this week amid the world’s highest inflation.
Maduro warned Sunday that people will not be allowed to bring back 100-bolivar bills from outside the country to trade them in for new currency.