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Venezuela delays banknote withdrawal Venezuela delays 100-bolivar banknote withdrawal
(35 minutes later)
Venezuela's president delays the withdrawal of the 100-bolivar banknote until January, after days of economic chaos Venezuela's President Nicolas Maduro has delayed the withdrawal of the 100-bolivar banknote until 2 January.
This breaking news story is being updated and more details will be published shortly. Please refresh the page for the fullest version. The sudden change of policy comes after days of economic chaos.
If you want to receive Breaking News alerts via email, or on a smartphone or tablet via the BBC News App then details on how to do so are available on this help page. You can also follow @BBCBreaking on Twitter to get the latest alerts. In a national broadcast, Mr Maduro claimed his country had been the victim of international sabotage, which had prevented new larger currency notes arriving in time.
Many Venezuelans have spent several days in long queues trying to hand in or swap the old notes.
Thousands of shops have closed because of a cash shortage, and people have been unable to buy food.
The government had said the scrapping of the 100-bolivar note was necessary to prevent smuggling.
The president said the aim was to tackle gangs which hoard Venezuelan currency abroad, a move he has previously described as part of the "economic war" being waged against his government.
Venezuela pulls banknote 'to hit mafia'
Venezuelans mock 'useless' banknote
What is behind the crisis in Venezuela?
Mr Maduro has said the gangs hold more than 300bn bolivares worth of currency, most of it in 100-bolivar notes.
He said there were "entire warehouses full of 100-bolivar notes in [the Colombian cities of] Cucuta, Cartagena, Maicao and Buaramanga".
The president said one reason for withdrawing the banknotes was to block any of the 100-bolivar notes from being taken back into Venezuela so the gangs would be unable to exchange their hoarded bills, making them worthless.