Maduro has demanded from banks to «free» money in Venezuela

© RIA Novosti / Sergey Goneeverything in Photobacterium of Venezuela, Nicolas Maduro. Archival photoMaduro has demanded from banks to «free» money in Venezuela© RIA Novosti / Sergey Goneeverything the image Bank

Venezuelan President Nicolas Maduro demanded on Friday from the country’s banking sector to free up funds that allegedly are not allowed them in turn in the result created a shortage of money.

«Public and private banks have 48 hours to release the money stolen from the people,» said Maduro on state television.

The shortage of cash was noted in Venezuela and earlier, before the denomination and the transition to a new, sovereign Bolivar. However, according to Maduro, from August, when it was put into circulation new denominated currency, the government has provided financial institutions a sufficient number of banknotes.

Maduro angrily noted that banks limit cash withdrawal of 10 bolivars (approximately 16 US cents) and called it a lack of respect for people. «Free money, the ball is on the side of the banks,» — said the Venezuelan leader.

Venezuelan authorities on 20 August announced the denomination and introduction of the sovereign of the Bolivar, which will replace the old, impaired as a result of hyperinflation. New Bolivar pegged to bitcoin «Petro», and the Central Bank began to publish the official figures this binding every day.

Also, Maduro announced an increase from 60 times the minimum salary, which now will amount to 1.8 thousand bolivars denominated, or half of the cost of one «Peter».

Earlier, the international monetary Fund (IMF) declared that considers possible to achieve Venezuela’s inflation rate for the year of 1 million percent, and economist and a former member of the oil and gas company PDVSA Jose Toro hardy admitted the possibility of inflation in 44 million percent.