"There have been a flood of Twitter debates calling the government move nothing more than disguised devaluation that will increase the cost of living, with the underlying problems remaining unresolved.
"It looks like a devaluation, it quacks like a devaluation, it hurts like a devaluation: it's a devaluation," as Reuters quotes one of the Twitter users.
Critics also say the measures could further boost inflation in Venezuela that stood at 56.2 percent in 2013 - already the highest in the Americas."