President Nicolas Maduro again extended Thursday the window for Venezuelans to use their old BsF100 bills, just days before the currency was slated to be removed from circulation.
Venezuelan President Nicolas Maduro announced Thursday he had extended the closure of its land borders with Colombia and Brazil, and decreased the time window for Venezuelans to deposit old bills at the central bank. Meanwhile the value of the dollar on the black market appears to have plummeted as a result of the initiative.
The Venezuelan government announced Tuesday a two percent reduction in value added taxes paid in electronic transactions as part of an initiative to encourage less physical currency use.
