Venezuelan President Extends Validity for Bs. 100 Banknotes
17 de marzo de 2017, 18:19Caracas, Mar 17 (Prensa Latina) Venezuelan President Nicolas Maduro adopted a decree under which he extended the validity and circulation of the Bs. 100 banknote till April 20.
The authorities of the Central Bank and the financial offices were determined in this regard, to guarantee the complete circulation of this banknote which has been in force since 2008, the head of State said.
He also ordered the Executive Vice President, Tareck El Aissami; and Minister of Interior, Justice and Peace, Nestor Reverol, to review the process of adapting ATMs to new banknotes circulating nationwide.
The Bs. 10, Bs. 50 and Bs. 100 banknotes, plus Bs. 500, Bs. 1000, Bs. 2000, Bs. 5000, Bs. 10000 and Bs. 20000, are the notes that make up the new local monetary cone. These have started off by being used for national transactions since January 16.
On December 13, Nicolas Maduro announced some steps to protect the purchasing power of Venezuelans, including taking Bs. 100 banknote out of circulation, but due to some difficulties for the arrival of new pieces, he set forth three extensions prior to the one set this Friday.
The notes of the new monetary cone boast some security elements, including a watermark and electrolyte, perfect registration, microtext, security thread, watermark for visually impaired people, as well as fluorescent type printing.
Among the advantages of the new banknotes is that they will facilitate commercial transactions, and minimize the costs of production, replacement and transfer of monetary species.
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