Venezuela Caps Daily Bank Withdrawals at US$5 to Avoid Bankruptcy

‘Venezuela has put a cap on daily bank withdrawals at VEF $10,000, or US $5.26.
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.’
Read more: Venezuela Caps Daily Bank Withdrawals at US$5 to Avoid Bankruptcy