According to reports, the withdrawal of the 100-bolivar note has prompted protests and looting in several states as the supply of ready cash rapidly ran out.
But Maduro said taking millions of notes out of circulation had smashed the black market.
He has, however, postponed the withdrawal until early January.
Meanwhile, some businesses were reportedly still refusing to accept the 100-bolivar notes, even though they remain legal tender until the new year.
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