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Post by conflict on Nov 19, 2016 3:19:03 GMT 4
The Superintendency of Banking Sector Institutions (Sudeban) ordered public and private banks to refrain from paying out more than US $ 5.26 per day in cash from offices or ATMs. Users have reportedly expressed frustration at trying to withdrawal money since Novemeber 15 with checks or through cashiers. According to a statement released by Sudeban, users can make a maximum of four transactions per day to withdraw up to US $5. The decision was made as Venezuela suffers from rampant inflation exceeding 750 percent, which has forced many citizens to handle more cash for their purchases.
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