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Venezuela to replace highest value banknote with coins

The Venezuelan Government has announced that it will replace the country&;s highest denominated bank notes with coins within 72 hours. It hopes this will help to combat smuggling and tackle the chronic shortage of food and other basic items. President Nicolas Maduro says gangs that operate in border areas will not have time to repatriate the money. The 100-Bolivar bill has lost most of its value in recent years and is now worth about two US cents.