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Venezuela extends use of 100 bolivar bill until January 2 

The lack of currency had sparked social unrest, with looting and protests in six cities on Friday.

Published: 18th December 2016 05:50 AM  |   Last Updated: 18th December 2016 05:50 AM   |  A+A-

A member of the Venezuelan militia shows a sample of a banknote with the image of President of National Assembly Henry Ramos Allup and a sign that reads in Spanish ' out of circulation,'. | AP

By Associated Press

CARACAS: Venezuela's government has decided to extend the use of the 100-bolivar note until January 2, following protests and looting by people angry at being left largely without cash.

Venezuela's most widely used banknote went out of circulation on Friday amid the world's highest inflation, yet the higher-denomination bills that were supposed to replace it had not yet arrived at banks or ATMs. That forced people to rely on credit cards or to try to make purchases with bundles of hard-to-find smaller bills often worth less than a penny each.

The lack of currency had sparked social unrest, with looting and protests in six cities on Friday.

On Saturday, President Nicolas Maduro announced that the banknote would be temporarily restored, and blamed sabotage for the unavailability of the replacement currency.

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