December 17, 2016 / 11:21 PM / 8 months ago

Venezuela's Maduro postpones elimination of currency bills after chaos

Venezuela's President Nicolas Maduro speaks during a meeting with ministers at Miraflores Palace in Caracas, Venezuela December 17, 2016. Miraflores Palace/Handout via REUTERS

CARACAS (Reuters) - Venezuelan President Nicolas Maduro said on Saturday he was reversing this week's elimination of Venezuela's largest-denomination currency bill, to extend its use until Jan. 2.

The policy flip-flop came amid protests, looting and widespread shortages of cash following his surprise decision to pull the 100-bolivar note from circulation this week.

Reporting by Corina Pons; Writing by Andrew Cawthorne; Editing by Chris Reese

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