Venezuela's Maduro defends withdrawal of major banknote

Venezuela's President Nicolas Maduro says his abrupt decision to scrap the country's most-used bank note has allowed the country to triumph over its enemies.
 
He said taking millions of 100-bolivar notes out of circulation smashed the black market.

The withdrawal prompted protests and looting in several states as the supply of ready cash rapidly ran out.
 
President Maduro postponed the withdrawal until early January.  But there were still reports of rioting yesterday as anxiety continued to run high. 

SOURCE: BBC NEWS