European Parliament Passes Law to Restrict Cash Payments to €10,000
The European Parliament has voted to impose a €10,000 limit on cash payments within the European Union
Voting is under way in Venezuela to elect a new assembly with powers to rewrite the constitution, reported BBC.
The opposition is boycotting the vote which it says is a power grab by President Nicolás Maduro.
The government says the constituent assembly is the only way to bring peace back to the country after months of violent protests.
On the eve of the vote, protesters blocked roads in the capital Caracas in defiance of a ban on demonstrations.
In a speech broadcast on TV, President Maduro predicted a "big victory", calling the vote "the most important election held in Venezuela's political system".
However, electoral council chief Tibisay Lucena acknowledged that some voting machines had been attacked and burned in parts of the country.
Oil-rich Venezuela is gripped by a political crisis with soaring inflation and daily food shortages. Violent demonstrations since April have left more than 100 people dead.
Many residents in Caracas were stocking up on essential items on Saturday in case unrest left shops closed into Monday, correspondents said.
More than 6,000 candidates are standing for the 545-member constituent assembly but none are from the opposition.The new body will have the power to bypass the National Assembly, currently controlled by an alliance of opposition parties.
Turnout and the number of spoilt ballots will be watched closely as an indication of how much support there is for the assembly.
A poll by Datanalisis suggested that over 70% of Venezuelans were opposed to the new assembly - but the government has said it is confident that millions will take part in the vote.
Neighbouring Colombia has said it will not recognise the constituent assembly. France, Spain, the US and the EU have also urged the government to cancel the vote, but to no avail.
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