bolívar". It is also a reference to the peso fuerte, an old coin worth 10 Spanish reales. The official exchange rate is restricted to individuals by CADIVI, which imposes an annual limit on the amount available for travel. Introduction of higher denomination banknotes Denominations of 2 and 5 Bs.F banknotes were no longer found in circulation due to the inflation in 2015, but remained legal tender. By early December 2016, the 100 Bs.F note—Venezuela's largest denomination of currency—was only worth about US$0.23 on the black market. On 7 December 2016, a new series of notes (recolors of previous notes) in denominations of 500, 1,000, 2,000, 5,000, 10,000, and 20,000 Bs.F were unveiled to the public. On 3 November 2017, President Maduro unveiled a 100,000 Bs.F note, which was similar to the 2007-series 100 Bs.F note and the 2016-series 20,000 Bs.F note, but with the denomination spelled out in full instead of adding an additional three zeros after 100. This denomination was worth US$2.42 through black market exchange rates at the time of its release. By July 2018, increasing hyperinflation had reduced its value by 99.9% to less than US$0.01. On March 6, 2021, the government issued three new bills, worth Bs.F 200,000, 500,000, and 1,000,000. The last is worth US$0.52. Withdrawal of the 100 Bs.F banknote On 11 December 2016, President Maduro, who had been ruling by decree, wrote into law that 100 Bs.F notes would be pulled from circulation within 72 hours due to "mafias" allegedly storing them to drive inflation. With more than 6 billion 100 Bs.F notes issued consisting of 46% of Venezuela's issued currency, Maduro allowed for Venezuelans to exchange all 100 Bs.F notes for 100 Bs.F coins or higher denomination banknotes while also blocking international travel to prevent the return of notes that were supposedly stockpiled. The government justified the move by claiming that the US was working with crime syndicates to move Venezuelan banknotes to warehouses in Europe to cause the fall of the government, and that the government was thwarting this threat by withdrawing the notes from circulation. The government of India has done a similar action in November 2016, by withdrawing the 500 and 1000 rupee notes from circulation that would curtail the shadow economy and reduce the use of illicit and counterfeit cash to fund illegal activity and terrorism. On 14 February 2017, Paraguayan authorities uncovered a stash of 50 and