Bolivar Note: Credit Cards and Higher-Denomination Bills

bolivar note: As the country most widely used banknote went out of circulation, the higher-denomination bills that were supposed to replace the 100-bolivar note had not yet arrived at banks or ATMs, according to The Toronto Star. In the capital, people were relying on credit cards and bank transfers, or avoiding making purchases altogether. Fernando Llano / The Associated Press By Hannah Dreier Associated Press Fri., Dec. 16, 2016 CARACAS, VENEZUELA Venezuela became a country without cash Friday. President Nicolas Maduro made a surprise announcement Sunday that the 100-bolivar note would go out of circulation by the week end amid the world highest inflation. Maduro said says the closure was needed to thwart mafias who hoard bolivars. He also temporarily closed the border with Colombia and Brazil, and then on Thursday night extended the border closure for another 72 hours. (news.financializer.com). As reported in the news.