Venezuela - closes Colombian border to stop currency 'mafia' / Cierra frontera colombiana para detener moneda 'mafia': euronews (in English)

euronews (in English)

Published on 13 Dec 2016

Venezuela has closed its border with Colombia for three days to try to stop smuggling gangs who are accused of causing economic turmoil.

The government in Caracas says they buy up subsidised goods in Venezuela and sell them at knockdown prices in Colombia.

President Maduro has ordered the withdrawal from circulation of the country's largest banknote - he says to stop gangs from hoarding the currency.

Billions of 100-bolivar notes were "in the hands of international mafia led from Colombia," …
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