Antonio Morales, president of SUDEBAN (Superintendencia de las Instituciones del Sector Bancario) has announced yesterday that the issue of a new banknote of a higher denomination is in the works, to be issued before years’ end. The value of the new note has not been revealed.
The legal tender status of the 100 bolívares notes has been extended indefinitely. It was supposed to expire on September 20.
©2017 Monetary Research Institute
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