BANKNOTES OF VENEZUELA
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BANKNOTES OF VENEZUELA
These notes are available for your viewing
pleasure!
Click on the thumbnails to enlarge.
| Date | Pick# | Denomination | Observations | Obverse | Reverse |
| 1991 | 73s1 | 1,000 Bolivares |
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|
| 1998 | 78s | 5,000 Bolivares |
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| 1998 | 79s | 10,000 Bolivares |
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| 1998 | 80s | 20,000 Bolivares |
 |
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| 1998 | 81s | 50,000 Bolivares |
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| 1998 | 83s | 2,000 Bolivares |
 |
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| 2000 | 91s | 5,000 Bolivares |
 |
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| 2000 | 92s | 10,000 Bolivares |
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| 2001 | 93 | 20,000 Bolivares |
 |
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|
2008 Strong Bolivares (VEF) Series |
|||||
| 2008 | NEW | 2 Bolivares | Will enter circulation: 1 January 2008 |
 |
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| 2008 | NEW | 5 Bolivares | Will enter circulation: 1 January 2008 |
 |
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| 2008 | NEW | 10 Bolivares | Will enter circulation: 1 January 2008 |
 |
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| 2008 | NEW | 20 Bolivares | Will enter circulation: 1 January 2008 |
 |
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| 2008 | NEW | 50 Bolivares | Will enter circulation: 1 January 2008 |
 |
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| 2008 | NEW | 100 Bolivares | Will enter circulation: 1 January 2008 |
 |
 |
The first bolivar was introduced in 1879, replacing the
short-lived venezolano at a rate of 1 venezolano = 5 bolivares. Initially, the
bolívar was pegged at par to the French franc. In 1934, the bolivar was pegged
to the U.S. dollar at a rate of 3.914 bolivar = 1 dollar, revalued to 3.18
bolivar = 1 dollar in 1937, a rate which continued until 1941. Until the 1970s,
the bolivar was the region's most stable and most internationally accepted
currency. Since then, like other South American currencies, it has fallen victim
to high inflation.
Since 2005 the currency has been officially pegged to the U.S. dollar at a fixed
exchange rate of 2150 bolivares to the U.S. dollar.
In an effort to facilitate the ease of transaction and accounting, the
government announced on 7 March 2007 that on 1 January 2008 the bolivar will be
revalued at a ratio of 1 to 1000 old bolivares. New banknotes and coins in
the new currency will also enter circulation on 1 January. The new currency;
named "bolívar fuerte", meaning strong bolivar, although the new banknotes will
simply say bolivar. The new bolivar's value will also be tied to the
American dollar at a rate of 2.15 strong bolivares to one dollar. The new ISO
4217 code is VEF, replacing the previous code: VEB.
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Page created: 1 November 2007
Last Update: 1 November 2007
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