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| Venezuela's President Maduro tries to calm nerves | Venezuela's President Maduro tries to calm nerves |
| (about 4 hours later) | |
| Venezuela's President Nicolas Maduro says his abrupt decision to scrap the country's most-used banknote has allowed the country to triumph over its enemies. | Venezuela's President Nicolas Maduro says his abrupt decision to scrap the country's most-used banknote has allowed the country to triumph over its enemies. |
| He said taking millions of 100-bolivar notes out of circulation had smashed the black market. | He said taking millions of 100-bolivar notes out of circulation had smashed the black market. |
| The withdrawal prompted protests and looting in several states as the supply of ready cash rapidly ran out. | The withdrawal prompted protests and looting in several states as the supply of ready cash rapidly ran out. |
| On Saturday President Maduro postponed the withdrawal until early January. | On Saturday President Maduro postponed the withdrawal until early January. |
| But there were still reports of rioting on Sunday as anxiety continued to run high. | But there were still reports of rioting on Sunday as anxiety continued to run high. |
| Local reports said some businesses were still refusing to accept the 100-bolivar notes, even though they will now remain legal tender until the new year. | Local reports said some businesses were still refusing to accept the 100-bolivar notes, even though they will now remain legal tender until the new year. |
| Venezuela pulls banknote 'to hit mafia' | Venezuela pulls banknote 'to hit mafia' |
| Venezuelans mock 'useless' banknote | Venezuelans mock 'useless' banknote |
| What is behind the crisis in Venezuela? | What is behind the crisis in Venezuela? |
| In the western state of Tachira people raided warehouses in search of food. | In the western state of Tachira people raided warehouses in search of food. |
| Many said they were afraid of what will happen next, even after the government's attempt to calm the situation down with the postponement of the withdrawal. | |
| At the Colombian border there were scuffles as people scrambled to buy food and medicine, which are scarce in Venezuela. | At the Colombian border there were scuffles as people scrambled to buy food and medicine, which are scarce in Venezuela. |
| The president said that Venezuela's borders with Colombia and Brazil would remain closed until the 100-bolivar note ceases to be legal tender on 2 January, in order to prevent black market trading. | The president said that Venezuela's borders with Colombia and Brazil would remain closed until the 100-bolivar note ceases to be legal tender on 2 January, in order to prevent black market trading. |
| Venezuelans are only allowed to cross the border on foot for family visits. | Venezuelans are only allowed to cross the border on foot for family visits. |
| Mr Maduro said on state TV 300 alleged looters had been arrested. | Mr Maduro said on state TV 300 alleged looters had been arrested. |
| Addressing opposition parties, he said, "Don't come and tell me they are political prisoners." | Addressing opposition parties, he said, "Don't come and tell me they are political prisoners." |
| He accused the riot leaders of taking instructions from President Barack Obama, alleging they wanted to engineer a coup against Venezuela's left-wing government. | He accused the riot leaders of taking instructions from President Barack Obama, alleging they wanted to engineer a coup against Venezuela's left-wing government. |
| Mr Maduro said the first batch of new higher denomination bank notes which will replace the 100-Bolivar note would arrive on Sunday and be put into circulation. | Mr Maduro said the first batch of new higher denomination bank notes which will replace the 100-Bolivar note would arrive on Sunday and be put into circulation. |