In Venezuela, which struggle with the economic crisis, following the removal of 100 bolivar banknotes, more than 300 people have been arrested after protests.

In Venezuela, 100 bolivar banknotes, the largest banknote in the country, were removed from demonetize for the fight against black-marketers.

The Venezuelans, who learned that the banknotes were removed from demonetize, made increasingly long queues in front of banks and ATMs to exchange money. Protests in 6 cities have begun with the reason that new banknotes are not sent to the banks.

Venezuelan President Nicolas Maduro addresses to people in state TV after the developments, has announced that more than 300 people have been detained in demonstrations that have been raided for several days and some of shops are looted.

Indicating that the use of 100 bolivars was extended until 2 January 2017, Maduro said that such a change was made on behalf of the fight against the black market.

Maduro also claimed that the Venezuelans, who started protesting, received instructions from US President Barack Obama.

The biggest banknote in Venezuela is 100 bolivar which equals to 7 Turkish piaster. (ILKHA)