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DemonetizationWhile India Keeps Its Patience, Venezuela Witnesses Violent Protests After Government Demonetised 100 Bolivar Bills (indiatimes.com)

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[–]Vibhor23 84 ポイント85 ポイント  (0子コメント)

The situation between Venezuela and India is hardly comparable.

[–]elusgrvMaharashtra 64 ポイント65 ポイント  (4子コメント)

Maybe because they've already suffered through so much

[–]Zigzaglife 1 ポイント2 ポイント  (3子コメント)

They have: http://www.cbc.ca/news/world/venezuela-currency-chaos-1.3901515

And government hears at least: http://www.cbc.ca/news/world/venezuela-postpones-elimination-largest-note-1.3902116

[–]elusgrvMaharashtra 6 ポイント7 ポイント  (2子コメント)

And government hears at least

That is just laughable, if they heard them then they wouldn't be starving right now

[–]Zigzaglife 7 ポイント8 ポイント  (1子コメント)

Their Government at least revoked that law which caused one death and riots but in India no one cares if 70 people had already died because of note-ban. And chaos is unaccountable. Wastage of time doesn't matter to us because we Indians are so free, that 1 or 2 hours daily standing at ATMs is like "optimally wasting our time".

[–]4ed8c03dd6726ec4tr 0 ポイント1 ポイント  (0子コメント)

Wastage of time doesn't matter to us because we Indians are so free

Given what happens in Parliament on an ongoing basis, they would consider this "wastage" to be an appropriate utilization of time.

[–]TheVinci999 37 ポイント38 ポイント  (54子コメント)

Maybe Indian's will use their vote to protest. Day by day, I see it difficult for Modi to win again in 2019. I'm using anecdotal evidence but I see more people visibly pissed off day by day. Even poor people and farmers are pissed off.

My parents have a small farm, and the harvest process is going on, so while interacting with the daily hires, they seem to be pissed off. Trying to pay these guys is also impossible. Finished my entire backup money. Going to the bank for couple of days and there's no money, so I'm automatically delaying payment to those guys. Whatever they're saying, I'm blaming it on Modi for giving us no cash. For all people who ask me to go cashless, try to pitch that to these guys.

But since I'm from Hyderabad where BJP doesn't have a major presence, our votes don't matter. I've a conspiracy theory, my friend went to Lucknow recently and found access to money easier than in Hyderabad. I think Modi could've instructed RBI to distribute majority of money in areas where they're dependent on power.

[–]anuragsins1991 40 ポイント41 ポイント  (2子コメント)

http://www.hindustantimes.com/india-news/up-receives-rs-5-000-crore-from-rbi-to-meet-cash-crunch/story-dTstnt7BFp3LfmlCFD6wJP.html

RBI flew in 5000cr to UP specially in a plane, so your theory may actually be true.

[–]Space-Elephant 12 ポイント13 ポイント  (0子コメント)

RBI also flew 2.5k crore to AP in chartered planes.

[–]Screwdriver_wala 24 ポイント25 ポイント  (24子コメント)

Maybe Indian's will use their vote to protest.

Yes they may but I seriously don't want to see someone like RaGa, Kejriwal or God forbid, Mamta as the PM.

But since I'm from Hyderabad where BJP doesn't have a major presence

I am from Odisha. BJP has zero presence here and we all see them as a desperate bunch. We don't have elections till 2019 yet cash flow is relatively smooth compared to elsewhere.

[–]TemptNotTheBladeModi making India grate again with his speeches 4 ポイント5 ポイント  (1子コメント)

What's wrong with Didi?

  • West Bengal GDP has doubled in the last 5 years.

  • In 2014-’15, the West Bengal economy grew at a faster rate than the national average, as also did its industrial sector.

  • Per capita income in the state has risen at very high rates.

  • The Brookings Institution ranked Kolkata second on overall economic performance amongst Indian metros for the year 2013-’14. In GDP per capita growth, Kolkata beat every Indian city, save Chennai.

  • WB does relatively well in preventing infant deaths, better than the national average & better than Gujarat, Haryana etc.

  • HDI of WB is much better than a lot of other states.

[–]TheVinci999 1 ポイント2 ポイント  (1子コメント)

God, the other options are scary.

When you mean cash flow, does that mean you can find ATM's easily? And when you go to the bank to withdraw cash, are you getting the full amount? If I go after 12, I'm not getting any money from the bank, I get around 3K/Account if I go at 10 when the bank opens. So me and my wife go. ATM's don't work anymore here.

[–]Screwdriver_wala 5 ポイント6 ポイント  (0子コメント)

Where I stay, there are 5 ATMs at minutes of walking distance.

Also, this

[–]mryounglingKarnataka -2 ポイント-1 ポイント  (13子コメント)

BJP got a lot of votes in the parliamentary election in Odisha. Let's face it, the state should be in the hands of BJP what with the High Hindu population.

[–]Screwdriver_wala 8 ポイント9 ポイント  (12子コメント)

I should let you know that communal politics is a non existent thing here. BJD has been in power for 17 years and BJP has never formed a government here in spite of the 95%+ Hindu p population.

Stop flinging poop everywhere

[–]mryounglingKarnataka 5 ポイント6 ポイント  (7子コメント)

The Bharatiya Janata Party had a vote share of 20-25% in the parliamentary elections. Stop saying it cannot happen https://en.wikipedia.org/wiki/Indian_general_election,_2014_(Odisha)

[–]Screwdriver_wala -2 ポイント-1 ポイント  (6子コメント)

You do understand 20-25% IS NOT A MAJORITY.

You getting hit by a speeding F1 car has a non zero probability as well. Your point being?

[–]mryounglingKarnataka 7 ポイント8 ポイント  (3子コメント)

It means with no major leaders, their base vote is 20-25%. You are not looking at the future. Once upon a time BJP was derided as a cowland party. Now they are everywhere from south in Karnataka to north in Kashmir. They have formed a fucking government in Kashmir. BJD has not done anything useful in the years of power . Odisha is continuously the worst state in the union. The state is ripe for BJP to take over.

[–]Screwdriver_wala 0 ポイント1 ポイント  (2子コメント)

Odisha is continuously the worst state in the union

There are states doing far worse. Odisha has been a state that has seen repeated neglect by central government regardless of the party forming govt. For instance, a much needed railway line was completed ONLY when the state government provided with 60%+ of the funding. Progress has been slow, but it is steady. I have visited Jharkhand, Chhatisgarh and people I know have seen MP and UP. Odisha feels much better than that.

I do not see BJP taking over unless some miracle happens.

[–]mryounglingKarnataka 0 ポイント1 ポイント  (1子コメント)

Bullshit Western UP, Northern Jharkhand is developed. Odisha has no such developed areas.

[–]Screwdriver_wala 0 ポイント1 ポイント  (0子コメント)

Coastal Odisha is also developed, and so are parts of Western Odisha. And Odisha had been clocking GDP growth rates more than the national average. Stop bullshitting.

[–]Ekti_Morog 1 ポイント2 ポイント  (0子コメント)

BJP's LS vote share was 33, FYI. Honestly, I'd have said the same a few years back about WB but now...IDK. Stranger things have happened. If they could get 10% here without campaigning, I'm not so sure a CPM-Congress alliance can beat them to be Opposition. Honestly, I can see a BJP Govt easily if Mamata dies.

Also, FPTP is a weird thing. Never underestimate it.

[–]ribiyGaribiy Hatao 2 ポイント3 ポイント  (3子コメント)

communal politics is a non existent thing here.

95%+ Hindu p population.

Makes sense.

[–]imwith_pepe 2 ポイント3 ポイント  (0子コメント)

boom! roasted!

[–]Screwdriver_wala 1 ポイント2 ポイント  (1子コメント)

Because, politicians will try to divide people on religious lines only if they see a vote bank. Muslims don't constitute a vote bank and hence no communal politics. As simple as that.

[–]ribiyGaribiy Hatao 0 ポイント1 ポイント  (0子コメント)

Yup. Agree.

[–]Zigzaglife 22 ポイント23 ポイント  (7子コメント)

But every next person I meet is still supporting Mudiji because he knows better than any economist.

[–]Screwdriver_wala 10 ポイント11 ポイント  (3子コメント)

Probably you are talking about your WhatsApp unkills

[–]konoha_ka_ladka 14 ポイント15 ポイント  (1子コメント)

Those whatsapp unkills vote count. And they are more enthusiastic about voting than others most of the time.

[–]Zigzaglife 4 ポイント5 ポイント  (0子コメント)

Shitty Truth... but yeah true. Then maybe we should Go For Voting!

[–]ribiyGaribiy Hatao 8 ポイント9 ポイント  (2子コメント)

They voted for an Economist earlier and got babaji ka thullu in return.

[–]Zigzaglife 0 ポイント1 ポイント  (1子コメント)

Well, he didn't took some panicked decision to illude Indians by saying that I'll bring back black money or say he didn't had any such power. Do we even understand what kind of loss Indian economy will face by burning out 90% of currency and then producing new 2000 bills then again planning to burn them soon. What the fuck is your hero and his FM thinking.

[–]ribiyGaribiy Hatao 3 ポイント4 ポイント  (0子コメント)

He did some worse shit. 2g, coal etc..

Don't know how you still like your masters Gandhis.

[–]house_of_kunt 3 ポイント4 ポイント  (0子コメント)

2019 is quite far. We'll have some new shit to deal by then. That will dictate how comfortably BJP wins in 2019.

[–]persuader00 2 ポイント3 ポイント  (0子コメント)

I've a conspiracy theory, my friend went to Lucknow recently and found access to money easier than in Hyderabad. I think Modi could've instructed RBI to distribute majority of money in areas where they're dependent on power.

Mamata Didi too has the same concerns. She's been demanding that RBI release details on how much money has been distributed to each state. But they are refusing to do it.

[–]Mycroft-TarkinTelangana 11 ポイント12 ポイント  (13子コメント)

I see it difficult for Modi to win again in 2019

Kek. You're from Hyderabad, so you feel that BJP doesn't have a lot of support. You underestimate the gullibility of the common Indian.

[–]Ekti_Morog 9 ポイント10 ポイント  (11子コメント)

Yes, Owaisi supporters are paragons of intelligence.

[–]Mycroft-TarkinTelangana -2 ポイント-1 ポイント  (10子コメント)

Elaborate?

[–]ngrhd 2 ポイント3 ポイント  (0子コメント)

https://pbs.twimg.com/media/Cz4S3VOVQAAyTVR.jpg

[–]Ekti_Morog 4 ポイント5 ポイント  (8子コメント)

It's Hyderabad. AIMIM land. On the scale of people with shit tier representatives, they compete with whatever constituency Adityanath got elected from.

[–]Mycroft-TarkinTelangana -1 ポイント0 ポイント  (7子コメント)

What? I don't understand. Who is Adityanath? I still don't understand your statement about Owaisi supporters.

[–]Ekti_Morog 5 ポイント6 ポイント  (6子コメント)

Owaisi is a dumb extremist chut. His supporters are dumb extremist choots. All clear?

[–]Mycroft-TarkinTelangana -1 ポイント0 ポイント  (5子コメント)

Why? Which Owaisi are you talking about?

[–]Ekti_Morog 1 ポイント2 ポイント  (4子コメント)

https://en.m.wikipedia.org/wiki/Asaduddin_Owaisi

[–]Insify 1 ポイント2 ポイント  (0子コメント)

Shit man, that guy was given some award for best performance in the Parliament

[–]Mycroft-TarkinTelangana 0 ポイント1 ポイント  (2子コメント)

You answered one half of my question.

[–]TemptNotTheBladeModi making India grate again with his speeches 1 ポイント2 ポイント  (0子コメント)

2019 is a long way off. Modi will win. He may be incompetent in all kinds of stuff, but he is super competent in his core job - winning elections.

Just like all kinds of scheduled investments with headline by Main Stream Modia as "Make in India: blah blah blah", you will see something similar starting in a couple of months.

  • In the next budget, they will change tax slabs marginally & claim that this was possible because "Demonetisation". All of us will forget that UPA changed tax slabs regularly.
  • Each road/highway that is built will headline as "Demonetisation: New Road built linking a to b".
  • Every new village that gets electricity will headline as "Demonetisation: Village x gets electricity"
  • He will waive farm loans claiming "Demonetisation" made it possible.
  • MNREGA will supposedly be funded with Demonetisation.

By 2019, most of the population will feel that the demonetisation is a huge success.

[–]Screwdriver_wala 11 ポイント12 ポイント  (32子コメント)

Amidst all the wrongs that randians are pointing out with our government, may be they did something right?

[–]mrityunjai_phantomChhattisgarh 30 ポイント31 ポイント  (10子コメント)

Randia has never been the voice of the common indian people. ground reality is generally diametrically opposite to what's being pointed out here.

[–]Flying_Momo 6 ポイント7 ポイント  (0子コメント)

It's true, other than few randians who are actually knowledgeable about their special forte and make reasoned discussions, most people here are like the same chuts who cause ruckus in parliament. All noise no substance.

You become what you hate the most, most randians hate politicians and have become glib hollow rhetoric spouting versions of those politicians

[–]Screwdriver_wala 28 ポイント29 ポイント  (3子コメント)

True! This massive circle jerk disappoints me. Want to feel depressed amd ashamed of being Indian? Come here, to this sub

[–]godevil99India 29 ポイント30 ポイント  (2子コメント)

I have started feeling exactly this coming here. I come here to see major news and people discussing them and weighing both pros and cons, but the sub is now just circlejerking becoming anti - anything government does.

[–]jrjkhow about no 6 ポイント7 ポイント  (0子コメント)

Used to comment so much on this sub, but I reduced that to lurking here and these days, I find even lurking here an utter waste of time. /r/cricket is the only reason I'm still on Reddit.

[–]-kljasd- 0 ポイント1 ポイント  (0子コメント)

And I would expect nothing less from us. Thank you all.

[–]anuragsins1991 3 ポイント4 ポイント  (4子コメント)

But actually ground reality is worser than what most of randian demographic is experiencing.

[–]mrityunjai_phantomChhattisgarh 15 ポイント16 ポイント  (0子コメント)

i do not think most of randia is experiencing any trouble, a lot of them are not even in India. It's just a place for them to vent out their frustration anonymously.

[–]Ekti_Morog 5 ポイント6 ポイント  (0子コメント)

We are a nation of rallies, riots and ruckus. If ground situation was bad, there'd be all three.

[–]psp2710 20 ポイント21 ポイント  (0子コメント)

PR

[–]banjowashisnameo 12 ポイント13 ポイント  (16子コメント)

Er what? Economy was doing well before they came in power unlike Venezuela. The effect of what Modi did will be seen in the coming years, not now

[–]Screwdriver_wala 7 ポイント8 ポイント  (11子コメント)

So 4% growth is "economy doing good".

TIL

[–]JawaharlalNehru 3 ポイント4 ポイント  (5子コメント)

Remember crude prices decreased rapidly when Modi was coming to power. He benefitted a lot from that. Plus prospects in China are quickly decreasing. With proper management, economy should have grown at 9-10% even without all GDP formula vodoo.

[–]Screwdriver_wala 2 ポイント3 ポイント  (4子コメント)

I was talking about the years before Modi came to power. I am no Modi fan and agree to your argument about the taxes on fuel, but I was commenting about future prospects of demonetization.

[–]persuader00 1 ポイント2 ポイント  (0子コメント)

Barring 2012-2014, UPA-I and II outperformed both NDAs of ABV and the current NDA of Modi.

Even if you include those two years, their overall economic performance was the best ever by any Indian government.

UPA got booted out because of all the corruption/scams and their lack of numbers in Parliament to be able to push bills through while BJP was blocking all reforms. (Modi has u-turned on everything from FDI to GST to Aadhaar.)

[–]Randiathrowaway17 -2 ポイント-1 ポイント  (2子コメント)

http://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?end=2015&locations=IN&start=2000

Take a look at that. It's India's GDP growth rate. The economy was already in a secular upswing by the time Modi was elected. By the time he got his budget, half of 2014 had already passed.

The reality is that if the election had been in 2015, the outcome could well have been different as the recovery would already have been in full swing. People vote on the last 6-10 months before the election.

By 2014, it was not yet clear that the economy was already on its way to full recovery, but it was. Because by that year, India clocked 7.2%. Modi had nothing to do with that. It takes time to affect change.

[–]Ekti_Morog 1 ポイント2 ポイント  (0子コメント)

Secular upswing

Wut? Also, markets reacted very positively to his election, though I don't know how much of an impact that was.

[–]Screwdriver_wala 0 ポイント1 ポイント  (0子コメント)

By that logic, I can safely say that the miracle growth that happened during UPA 1 was due to the Vajapayee government.

[–]banjowashisnameo 2 ポイント3 ポイント  (3子コメント)

Yep compared to other economies and the market situation and the world situation

[–]Screwdriver_wala 3 ポイント4 ポイント  (2子コメント)

You're joking, right?

[–]banjowashisnameo 4 ポイント5 ポイント  (1子コメント)

Nope. So tell me how the rest of the world is doing please

[–]pure_haze 5 ポイント6 ポイント  (0子コメント)

India cannot be compared to the entire ROTW economic growth rates. What is amazing for a developed economy, can be extremely weak for a developing economy. China is a far better comparison, and to a lesser extent, Indonesia, Malaysia, Bangladesh, Brazil, Thailand, and so on.

[–]kenadamas 0 ポイント1 ポイント  (0子コメント)

Maybe the previous govt should have revised the base year to get the GDP up, like the present one did!

[–]Ekti_Morog 3 ポイント4 ポイント  (3子コメント)

Economy was doing well

You mean stagnating? Tail end of UPA 2 was one of falling growth rates, in case you forgot.

[–]asecondhandlife 3 ポイント4 ポイント  (1子コメント)

and you forgot to add, "just like now".

[–]Ekti_Morog 5 ポイント6 ポイント  (0子コメント)

There's a difference between sustained fall to 5% for two years, and a projected fall to 7% for a single year. "Now", in the worst case scenario, is still much better than then.

[–]banjowashisnameo 0 ポイント1 ポイント  (0子コメント)

Compared to Venezuela? Yep we were really doing well

Compared to other economies and the market situation and the world situation

[–]Soul2018 1 ポイント2 ポイント  (0子コメント)

I've noticed that there are many 2 weeks to 2 months new accounts that are making all the noise here.

It is probably some political party IT cell propoganda that we are witnessing.

[–]miffykimaro 0 ポイント1 ポイント  (0子コメント)

Sure maybe they did but demonetization doesn't seem to be one of them so far. What did they do right was it skipping army chain of command to put a yes man there? Or putting a yes man in the Cid? Or putting a yes man in the rbi? You see a trend don't you?

[–]Baban2000 2 ポイント3 ポイント  (14子コメント)

Modi won't win the 2019 elections because the effect of this actions will be most strongly felt a year or two from hence thus it is very close to the election. Since he has no idea on how to improve the situation this can only get worse.

[–]tr_24 27 ポイント28 ポイント  (13子コメント)

lol please. BJP is winning the election pretty easily.

[–]Baban2000 1 ポイント2 ポイント  (1子コメント)

Since the Loksabha not so much. Modi's popularity's been going down ever since he got elected. Do you think the surgical strike declaration and this demonitization happening so close to UP election was a coincidence. Modi knows he's losing ground. You can live in denial but BJP's 56 inch chest factor has run its course.

[–]Ekti_Morog 6 ポイント7 ポイント  (0子コメント)

82% positive rating.

[–]f42e479dfde22d8c -2 ポイント-1 ポイント  (10子コメント)

Honestly, you're probably right. Pappu is no match for Modi's political clout. None of the other veterans of Indian politics are big on the national stage. The only way we can save ourselves from another term with the BJP is if the UPA manages to hold everybody together under some sort of seat-sharing scheme. Lalu as PM for one year, Nitish for another, Didi for third, Karunanidhi for fourth and maybe Rahul Gandhi or Priyanka Gandhi for fifth.

A more likely scenario is that Modi does not relinquish power, declares Emergency and throws all Opposition into prison. In that case there will be wide-spread loot and riot by Sanghis. Maybe even war led by right-wing Hindus against moderate Hindus and non-Hindus, like Gujarat experienced during the 2002 Muslim massacre. The Aadhaar database should come in handy for the NaMo Army in such a situation. It's no wonder that Modi is so intent of forcing everyone to get an Aadhaar card. It's also scary that Modi has promoted his lapdog into the post of Army Chief, disqualifying senior and more capable officers because they are more loyal to India than the BJP. The erstwhile Indian army will be his real-life NaMo Army now.

Mao, Mussolini and Mugabe will look like archangels of democracy in comparison.

[–]JawaharlalNehru 19 ポイント20 ポイント  (0子コメント)

That escalated quickly.

[–]japanese_kuhukuhuIndia 7 ポイント8 ポイント  (0子コメント)

/s maybe?

You my friend are bat-shit crazy.

Mao, Mussolini and Mugabe will look like archangels of democracy in comparison.

Do you even know what these folks have done to their own people? Ever read history books?

[–]thisisshantzz 6 ポイント7 ポイント  (1子コメント)

Lalu, Didi, Karunanidhi and Pappu as PM? No thanks. If those are the options in front of me, I will definitely vote for Modi.

[–]pure_haze 7 ポイント8 ポイント  (0子コメント)

Hahaha we should write an article on this idea, and tweet it to Kejriwal.

[–]Viriliter_Age 6 ポイント7 ポイント  (1子コメント)

LMAO. Thanks for first genuine laugh of the day.

[–]theRideratNight 9 ポイント10 ポイント  (0子コメント)

damn bro were you molested as a child? modi ain't no mussolini smh

[–]bhuddimaanTelangana 2 ポイント3 ポイント  (0子コメント)

Kya kha rahe ho bhai?

[–]psnanda 2 ポイント3 ポイント  (0子コメント)

Throughly enjoyed your write up!

[–]samacharbot2 0 ポイント1 ポイント  (0子コメント)

While India Keeps Its Patience, Venezuela Witnesses Violent Protest After Government Demonetised 100 Bolivar Bills

  • While Indians are facing their share of problems outside banks and ATMs post the demonetization, people in Venezuela have resorted to violent protest in various parts of the country since socialist government suddenly pulled the nation's largest banknote of 100 bolivar from circulation in the midst of a brutal economic crisis.

  • According to reports, three people have died in the southern mining town of Callao, but the government didnt confirm the deaths.

  • Heavy resentment is seen among the people against President Nicolas Maduro in a string of towns and cities around Venezuela, witnesses told Reuters.

  • President Maduro, however, has condemned the violence and said new bills would come into circulation soon, appealed for the population's "comprehension", and urged Venezuelans to use electronic transactions where possible.

Here are some other news items:credits to u-sr33

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[–]anti_anti_adblock 0 ポイント1 ポイント  (0子コメント)

While India Keeps Its Patience, Venezuela Witnesses Violent Protests After Government Demonetised 100 Bolivar Bills

IMAGE

While Indians are facing their share of problems outside banks and ATMs post the demonetization, people in Venezuela have resorted to violent protest in various parts of the country since socialist government suddenly pulled the nation's largest banknote of 100 bolivar from circulation in the midst of a brutal economic crisis.

According to reports, three people have died in the southern mining town of Callao, but the government didn’t confirm the deaths.

Protestors blocked the roads while waving the now-worthless 100-bolivar bills and demanded that stores accept the cash which the stores now are refusing. Heavy resentment is seen among the people against President Nicolas Maduro in a string of towns and cities around Venezuela, witnesses told Reuters.

Reuters

According to various reports, dozens of shops were looted in various places post the demonetisation of 100 bolivars bills. Last weekend, Maduro gave Venezuelans three days to ditch the 100-bolivar bills, arguing that the measure was needed to combat mafias on the Colombia border despite warnings from some economists that it risked sparking chaos.

Much like India, opposition in Venezuela too lambasted the president for the move and deemed it an evidence of him destroying countries economy.

Reuters

But much like here, there too, the authorities have thwarted a referendum sought by the opposition against the leftist leader. That might enable him to complete a six-year term ending in early 2019, but increases the prospect of social unrest. New bills aka notes were supposed to reach to people by Thursday, but till now people haven’t got them while their old bills have become obsolete and nobody, not even petrol pumps are taking them.

The crisis has erupted when Christmas is around and people buy a lot on Christmas to gift to friends and relatives. But adding to the chaos, many cash machines were broken or empty. And large lines formed outside the central bank offices in Caracas and Maracaibo where the 100-bolivar bills could still be handed over and deposited for a few days more.

Reuters

"This is a mockery," told bus driver Richard Montilva to Reuters as he and several hundred others blocked a street outside a bank in the town of El Pinal in Tachira state near Colombia. First Justice lawmaker Angel Medina said large numbers of shops had been ransacked, destroyed and burned in El Callao, with three people killed and many injured. But the news couldn’t be confirmed.

Reuters

President Maduro, however, has condemned the violence and said new bills would come into circulation soon, appealed for the population's "comprehension", and urged Venezuelans to use electronic transactions where possible.

About 40 percent of Venezuelans do not have bank accounts.

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[–]Scoutandabout 0 ポイント1 ポイント  (0子コメント)

Not sure if that is quite a fair comparison. Venezuelans are dealing with a catastrophic collapse of their economy, government, healthcare system and possible entire state infrastructure. Maduro's sudden announcement of currency removal-exchange came from a position of extreme weakness and instability.