The Ruthless Reason Why Maduro Wants to Ban Cash in Venezuela

The regime of Nicolás Maduro has insisted upon the need for Venezuelans to do away with cash. In fact, the president has indicated that from January 5 on, those who carry out electronic transactions will receive benefits. Not only is there an order that every person who is found in possession of large amounts of 100 bolivar notes will be stopped by the Venezuelan authorities, but there are also new measures that induce Venezuelans to eschew the use of cash and to handle all their financial transactions through electronic banking and points of sale. More…