FIRST AIRED: December 19, 2016

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

×

Transcript

00:00:02
>> More than 300 people arrested in Venezuela over the weekend, during protests and lootings over the elimination of the country's largest currency bill, President Nicolás Maduro said on Sunday. The socialist leader pulled the 100 Bolivar note last week before new bills were in circulation, creating a national cash shortage on top of the brutal economic crisis.
00:00:25
After two days of an unrest, including 1 death and more than 300 shops ransacked, Maduro on Saturday postponed the measure until January 2nd, with a batch of new currency notes scheduled to go back into circulation on Sunday. Those arrested include members of opposition parties, Popular Will and Justice First.
00:00:46
Maduro said they were following US instructions to cause chaos, accusing President Obama of wanting to engineer a coup in Venezuela before he leaves office. Maduro had justified the currency measure as a way to suffocate organized crime at the country's borders. But his opponents say, it's further evidence of his disastrous economic policy in a nation reeling from runaway prices and a shortage of basic goods.