Venezuela denies plans for Chavez banknote

The Central Bank of Venezuela (Banco Central de Venezuela) has denied that it has plans to issue new 500 bolívares banknotes with the portrait of late president Hugo Chávez.

Since the current highest denomination of 100 bolívares is only worth about $2.40 and considering the hyperinflation in the country there is a clear call for banknotes with higher denominations. The director of the Central Bank Armando Leon told the media (translation) there are also no plans to introduce a 200 bolívar note soon.

Steven Thursday 19 September 2013 at 08:29 am | | news
Used tags: ,
These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Del.icio.us
  • Digg
  • Google
  • Reddit
  • StumbleUpon
  • Twitter

No comments

(optional field)
(optional field)
To prove you're not a robot, answer this simple question.
Remember personal info?
Small print: All html tags except <b> and <i> will be removed from your comment. You can make links by just typing the url or mail-address.