Add St. Lucia News Online on Whatsapp +1758 712 6700; get major headlines and source us with news tips, photos, and videos

Venezuelans confused over new bills coming from bank ATMs


 Share This On:

Customers wait outside of a government bank to get new bank notes in Maracaibo, Venezuela, Tuesday, Aug. 21, 2018. The new currency has five fewer zeros in a bid to tame soaring inflation. (AP Photo/Fernando Llano)

(AP) — Residents of Venezuela’s capital say they’re confused by banknotes coming out of ATMs as the country’s new currency starts circulating.

The reality of President Nicolas Maduro’s economic plan kicks in Tuesday as Venezuela battles runaway inflation and a plummeting economy.

Businesses in Caracas appear slow to begin reopening following a bank holiday a day earlier to allow for the conversion.

Opposition politicians have called for a work stoppage and protests Tuesday to show dissatisfaction with Maduro’s leadership.

Streets appear calm so far.

Venezuela’s new money has five fewer zeros, a move critics say doesn’t address deeper economic troubles.

Homemaker Maritza Vargas says she took a 5 bolivar bill from her bank in Caracas but has no idea what it would buy.

This article was posted in its entirety as received by This media house does not correct any spelling or grammatical error within press releases and commentaries. The views expressed therein are not necessarily those of, its sponsors or advertisers.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.