Maduro says new bills ready, but Venezuelans still face long bank queues


  • World
  • Friday, 16 Dec 2016

People line up to get into a Banco Mercantil branch in Caracas, Venezuela December 13, 2016. REUTERS/Marco Bello

CARACAS (Reuters) - President Nicolas Maduro said on Thursday new higher-denomination bills were ready, but they were still nowhere to be seen on the streets where Venezuelans with envelopes, backpacks or even suitcases stood in long queues to deposit 100-bolivar bills before they become worthless.

Maduro surprised the inflation-wrought country on Sunday by announcing that he was yanking the 100-bolivar bill, Venezuela's largest, to crack down on Colombian mafias he says are hoarding bolivars to fuel contraband and sabotage his leftist administration.

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