Venezuelan Bolivar Currency | Venezuela | VEF

Venezuelan bolivar

Venezuelan bolivar:

From 1879 to January 2008, Venezuelan bolivar (VEB) is the currency for Venezuela. It was subdivided into 100 centimos and the symbol was Bs. The Venezuelan bolivar was replaced with the bolivar fuerte (VEF) at a rate of 1000:1 because the bolivar was so devalued due to inflation. Since 1 January 2008, the bolivar fuerte is the official currency of Venezuela. Bolivar fuerte is translated in English as "strong bolivar."

In 1940, paper notes were begun to be issued by the Banco Central de Venezuela, introducing by 1945 denominations of 10, 20, 50, 100 and 500 bolivares. As inflation took hold, higher denominations of banknotes started being issued and 1,000 bolivares were introduced in 1991, 2,000 and 5,000 bolivares in 1994 and 10,000, 20,000 and 50,000 bolivares in 1998.

New banknotes of the series were issued with values of 2 to 100 BsF in 20 March 2007. This series of bank notes circulated until 2015. A new series of banknotes (recolors of the previous notes) in denominations of 500, 1,000, 2,000, 5,000, 10,000, and 20,000 bolivares fuertes was unveiled on 7 December 2016 to the Venezuelan public. On November 3, 2017, the Banco Central de Venezuela issued 100,000 bolivares fuertes note. Currently circulating notes are 500; 1000; 2000; 5000; 10,000; 20,000; 100,000 bolivares fuertes . Regarding the coins, present coins in circulation are 1, 10, 50, and 100 Bs.F.

Venezuelan Bolivar

Venezuelan Bolivar (Venezuela):

Code: VEF

Symbol: Bs.F. or Bs.

Subunit        

1⁄100 = centimo

Nickname:   

bolo(s), luca(s), real(es)

Banknotes:  

Bs.F. 500; 1000; 2000; 5000; 10,000; 20,000; 100,000;2; 5; 10; 20; 50; 100

Coins:

Bs.F. 1, 10, 50, and 100

Central bank:         

Banco Central de Venezuela

 

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