Venezuela President Nicolas Maduro ordered the closure of border with Colombia for 72 hours in a crackdown on currency smuggling by what he has called mafias trying to destabilize the socialist-run economy. <br/><br/>Maduro announced the decision yesterday after meeting with top economic aides. The border closure comes as Maduro is trying to curb Venezuela's galloping inflation and roll out a new range of bank notes after announcing on Sunday that the government would pull from circulation a 100-bolivar bill. <br/><br/>Maduro warned on Sunday that people would not be allowed to bring back 100-bolivar bills from outside Venezuela to trade them in for the new bank notes. Venezuelans rushed to spend their 100-bolivar notes yesterday, before the government's tomorrow deadline for taking the note out of circulation.
News On AIR | December 13, 2016 8:58 AM
Venezuela President orders closure of border with Colombia for 72 hours in crackdown on currency smuggling