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Venezuela's extends border closure and pulls 100-bolivar note

Venezuela's highest denomination banknote has ceased to be legal tender, in a move that has caused cash chaos and long queues at banks this week.

The note is almost worthless so that buying almost anything with cash means a dangerous exercise carting around hundreds or thousands of bank notes in a country where robbery and violent crime is rife, says the BBC's South America correspondent Wyre Davies. President Maduro has blamed currency speculators and gangsters in neighbouring Colombia for inflation that has reached 500%. Economic experts, however, say the measure to take the note out of circulation will have little positive effect on the country's chronic economic and political problems.

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