-40%
Venezuelan Bolivar Banknote Currency Memorabilia Rafael Urdaneta, Giant Anteater
$ 2.08
- Description
- Size Guide
Description
The bolívar soberano (sovereign bolívar, sign: Bs.S or Bs.; code: VES)[ has been the official currency of Venezuela since 20 August 2018.The bolívar soberano replaced the bolívar fuerte (strong bolívar, sign: Bs.F, code: VEF) after a transition period. The primary reason for replacement, at a rate of 1 Bs.S to 100,000 Bs.F, was hyperinflation.
On 1 January 2008, the bolívar fuerte had itself replaced, because of inflation, the original bolívar introduced in 1879 (sign: Bs.; code: VEB). It did so at a rate of 1 Bs.F to 1000 Bs.
With an exchange rate exceeding one million bolívares per U.S. dollar in December 2020, the bolívar soberano is the lowest valued unit of currency in circulation in the world.