Venezuela Follows India’s Example and Voids Half of Its Cash
I really can&#x27;t understand how this article misses entirely the actual news here<p>&quot;Venezuela is issuing a full new set of notes and is replacing 100 VEF bills (the biggest we had) for a coin&quot;<p>So far we had this (in VEF):<p>- Coins for: 0.05, 0.1, 0.125, 0.5 and  1<p>- Bills for: 2, 5, 10, 20, 50 and  100<p>now we will have (in VEF):<p>- Coins for: 10, 20, 50 and 100<p>- Bills for: 500, 1.000, 2.000, 5.000, 10.000 and 20.000<p>So thats about it, the gov is finally accepting that we have a huge inflation and the old bank notes can&#x27;t be used any more (in terms of convenience) so they are exchanging our current biggest bank note of 100 for other sizes but is nowhere mentioned in the article<p>Of course all the previous bank notes (from the old set) are being banned because they are being taking out of circulation mostly because the DESING IS THE SAME (just a recolore) and can cause confusions, here you can see a comparation:<p>- old desing: <a href="http:&#x2F;&#x2F;runrun.es&#x2F;wp-content&#x2F;uploads&#x2F;2013&#x2F;10&#x2F;venezuela-bolivar-fuerte.jpg" rel="nofollow">http:&#x2F;&#x2F;runrun.es&#x2F;wp-content&#x2F;uploads&#x2F;2013&#x2F;10&#x2F;venezuela-boliva...</a><p>- new desing: <a href="http:&#x2F;&#x2F;imgs.globovision.com&#x2F;2Io-ZrCgwYEjgOw-dGsi6ndh1WM=&#x2F;700x0&#x2F;smart&#x2F;e3ccb1d95ed74a8a919e4bec4f0c2375" rel="nofollow">http:&#x2F;&#x2F;imgs.globovision.com&#x2F;2Io-ZrCgwYEjgOw-dGsi6ndh1WM=&#x2F;700...</a><p>In resume this is actual good news for venezuelans because even tho we still suffer all the problems we have, at least we get to avoid carrying 1 kilo of 100 VEF notes to make a purchase, we can just pay with 1 20.000 bill.