Venezuela’s Maduro backtracks on bolivar withdrawal

Nicolás Maduro
President of Venezuela, Nicolas Maduro. Photo: Joka Madruga
Joka Madruga

Venezuela's highest denomination banknote will continue to circulate into 2017 after the nation's president backtracked on a decision to remove the note from circulation, citing delivery problems.

In a statement released by the Central Bank of Venezuela on December 19, it was revealed Nicolás Maduro had taken the decision to allow the 100 bolivar to remain legal tender until all the shipments of the new banknote series had arrived in the country.

The news comes just days after the president

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: