Venezuela currency demonetization delayed again – emerging markets daily – barrons. com

In yet another delay, Venezuelan President Nicolas Maduro said Venezuelans don’t have to stop using 100-bolivar notes — the country’s most widely-used bill — until January 20.

The copycat move to demonetize paper money follows India’s surprise demonetization in November. Currency gbp pln In India, roughly 85% of paper money is being taken out of circulation in a bid to end black market transactions, promote tax collection, encourage digital transactions and get more citizens — especially the poor — to use banks. Great britain currency rate But swapping cash for new notes was capped, and there were shortages of fresh bills.

Great britain currency converter The impact is expected to slow the Indian economy.

Facing a delay in printing new bills, socialist president Venezuelan President Nicolas Maduro alleged an “international conspiracy to prevent the launch of the new notes,” The Wall Street Journal reported Dec. Currency gbp usd 17. What is the official currency of great britain On Friday, the Associated Press reported, via The Wall Street Journal:

“Mr. Currency great britain pound Maduro said in a television and radio broadcast address on Thursday that people have until Jan. What currency does england use 2012 20 to stop using the old bills. What does england use as currency The decision comes almost two weeks after violent protests and looting erupted when an earlier date to stop using the old bills came and went before new bills to replace them were distributed. What is the currency in britain At that time, Mr. Currency in liverpool england Maduro extended the note’s use to Jan. What currency does england use now 2 …”

The value of Venezuela’s bolivar has been in free fall, with Venezuela officially entering “hyperinflation” status in early December. Currency for great britain That may mean regime change risk. Great britain military currency See our post Venezuela Currency & Inflation Crisis Means Regime Change Risk, Venezuela’s Oil Industry: A ‘True Basket Case’ and Venezuela: As Pdvsa Makes Late Payment, 2017 Bond Risk Rises. Currency converter great britain pound Also see India Demonetization: Setbacks May Hamper 2017 Growth.

Bonds issued by Petroleos de Venezuela or Pdvsa, the state-controlled oil producer, were among the top 25 holdings in the VanEck Vectors Emerging Markets High Yield Bond exchange-traded fund ( HYEM) as of Sept. What currency does great britain use 30, according to What is the currency of great britain called Venezuelan government debt is among the top holdings in the iShares JPMorgan USD Emerging Markets Bond ETF ( EMB). What is the currency in great britain The iShares Latin America 40 exchange-traded fund ( ILF) is down 0.5% today and is up 31% in 2016.

Emerging markets have been synonymous with growth, but the outlook for individual nations is constantly changing. Official currency of great britain Countries from Brazil and Russia to Turkey face challenges including infrastructure bottlenecks, credit issues and political shifts. Best uk currency rates The Emerging Markets Daily blog analyzes news, data and research out of emerging markets beyond Asia to help readers navigate the investment landscape.

Barron’s veteran Dimitra DeFotis has been blogging about emerging market investing since traveling to India and Turkey. What is great britain’s currency Based in New York, she previously wrote for Barron’s about U.S. Great britain currency coins equity investing, including cover stories and roundtables on energy themes. What currency does london england use Dimitra was among the first digital journalists at the Chicago Tribune and started her career as a police reporter at the Daily Herald in the Chicago suburbs. Great britain currency euro Dimitra holds degrees from the University of Illinois and Columbia University, where she was a Knight-Bagehot Fellow in the business and journalism schools.