2016-12-16reuters.com

Protests and looting broke out in parts of Venezuela on Friday due to a lack of cash after the socialist government suddenly pulled the nation's largest banknote from circulation in the midst of a brutal economic crisis.

Waving the now-worthless 100-bolivar bills, pockets of demonstrators blocked roads, demanded that stores accept the cash and cursed President Nicolas Maduro, witnesses said.

...

With new bills - originally due on Thursday - still nowhere to be seen, many Venezuelans were unable to fill their vehicles' fuel tanks to get to work, buy food or purchase Christmas gifts.

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Maduro held up the new bills during a televised broadcast on Thursday night and said they would come into circulation soon. But that did not calm nervousness on the streets.

The arrival of the new notes "is a mystery to us too," said a source at the central bank, who requested anonymity because he was not authorized to speak to reporters.

Looks like they were encouraged by India's esteemed de-cashification experiment...



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