Serious monetary problems in Venezuela

To counter runaway inflation, the government announced it would replace $100-bolivar notes with a new $500-bolivar bill and higher denominations. However, as Venezuelans lined up to deposit 100-unit banknotes before they turned worthless, replacement bills did not arrive as scheduled. Paper money was suddenly unavailable with resulting chaos.

Advice For Travellers

Some countries are advising their citizens to postpone or avoid travel to this country at this time due to the continuing economic crisis with lack of basic food and medical supplies.