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Friday, December 16, 2016

Central Bank of Venezuela Demonetizes the 100 Banknote

Source: uk.reuters.com

 

The Central Bank of Venezuela (BCV) announced to the public they have officially decided to remove all 100 Venezuelan bolivar fuertes from circulation on December 12. 

Does this sound familiar? Last month the Prime Minister of India removed all 500 and 1,000 rupees from circulation to stop counterfeit currency and corruption, also known as black money.

President Maduro said it was needed to combat contraband of the bills at the volatile Colombia-Venezuela border. Here is a preview of the new banknotes that will begin circulating in Venezuela on December 15.

 

 


 

 


 

Note: Currency Exchange International can only sell this currency and cannot buy it. Visit us here for a full list of currencies we can exchange for you.

 

About Currency Exchange International
Currency Exchange International (CXI) is a leading provider of foreign currency exchange services in North America for financial institutions, corporations and travelers. Products and services for international travelers include access to buy and sell more than 90 foreign currencies, multi-currency cash passport’s, traveler’s cheques and gold bullion coins and bars. For financial institutions and corporations, our services include the exchange of foreign currencies, international wire transfers, global EFT, the purchase and sale of foreign bank drafts, international traveler’s cheques, and foreign cheque clearing through the use of CXI’s innovative CEIFX web-based FX software www.ceifx.com
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Posted By Jacquelyn McMullen @ceifx at 12:00 PM
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