Business Standard

Venezuela extends border closing with Colombia, Brazil

Image

AFP Caracas
Venezuela extended the closure of its borders with Colombia and Brazil for another 72 hours as part of a drive to fight what it calls criminals hoarding 100-bolivar banknotes.

The closure in place since Monday will now last until Sunday, President Nicolas Maduro said.

The government is withdrawing the 100-bolivar note on the grounds that "mafias" are hoarding it abroad in what Maduro calls a US-backed plot to destabilize Venezuela.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 16 2016 | 9:48 AM IST

Explore News