Venezue­lans pre­pare for largest cur­rency note to be yanked. Venezue­lans

The Denver Post - - BUSINESS -

are rush­ing to spend their 100-bo­li­var notes af­ter Pres­i­dent Ni­co­las Maduro’s an­nounce­ment they will be taken out of cir­cu­la­tion to stop the con­tra­band smug­gling “mafias” along the Colom­bian bor­der that he says hoard cash out­side the coun­try.

The gov­ern­ment has promised to is­sue new, higher-de­nom­i­na­tion bills this week amid the world’s high­est in­fla­tion.

Maduro warned Sun­day that peo­ple will not be al­lowed to bring back 100bo­li­var bills from out­side the coun­try to trade them in for new cur­rency.

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