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If Venezuela just wanted to make using the currency more convenient they'd have no reason to revoke the legal tender status of the old notes so quickly. In Cana
by petertodd 10y ago
If Venezuela just wanted to make using the currency more convenient they'd have no reason to revoke the legal tender status of the old notes so quickly. In Canada for instance, we've replaced the one and two dollar bills and removed the penny from circulation entirely in my lifetime, yet they're all still legal tender. Ever note issued since 1935 is still legal tender.
Equally, they appear to be running late on actually introducing the new notes - some ATM machines are reportedly even still issuing the old (now worthless) notes, and others just don't work.