Venezuela’s socialist dictator Nicolas Maduro claims the government thwarted a “coup” against his regime Wednesday; vowing to carry-out a “ruthless” crackdown on his political opponents across the impoverished country.
“Venezuela’s socialist government said Wednesday it had derailed a coup bid, claiming the United States, Colombia and Chile colluded in a military plot to assassinate President Nicolas Maduro and install a general and former defense minister in his place,” reports Yahoo News.
“We were in all the meetings to plan the coup d’Etat. We were in all the conferences,” claimed Maduro, saying his spies infiltrated the assassination attempt.
“We would be ruthless in a revolutionary counteroffensive against an attempted fascist coup – ruthless!” he added.
The socialist country continues to struggle with out-of-control inflation and widespread food shortages across the nation.
The Central Bank of Venezuela was forced to issue massive new denominations of their currency last month; with “ultra-inflation” rendering the socialist country’s money near “worthless.”
“Venezuela is releasing new banknotes for the second time in less than a year, the central bank said on Wednesday, after hyperinflation eroded the effects of an August 2018 monetary overhaul meant to improve availability of cash,” writes the Guardian.
“Banknotes of 10,000, 20,000 and 50,000 bolívar denominations will begin circulating on Thursday to ‘make the payment system more efficient and facilitate commercial transactions, the central bank said in statement,” adds the report.
The largest bank note of 50,000 bolivars is more than the 40,000 monthly minimum wage and is equivalent to $8.