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By September 2020, all sovereign bolivar banknotes (Bs.S 2 to Bs.S 500) issued on 20 August 2018 were deemed worthless. Venezuelan officials are planning a new Bs.S 100,000 note. [99] Meanwhile, as of 16 December 2020, the exchange rate was over 1 million bolivares to one US dollar. [100]
United States of Venezuela, 1 peso (1811), from the first issue of national paper currency. [1] 100 Bolivares, Banco Mercantil Y Agricola .The currency of Venezuela has been in circulation since the end of the 18th century.
According to a US Department of Defense adviser linked to The Pentagon, the 1.5 billion Bs.F was printed by Venezuela and destined for Bolivia, since unlike the implied exchange rate of thousands of Bs.F per USD, the exchange rate was approximately 10 Bs.F per USD, making the value of the stash 419 times stronger, from US$358,000 to US$150 ...
In May 2015, the Bolivar Fuerte lost 25% of its value in a week, with the unofficial exchange rate being at 300 Bs.F. per US$1 on 14 May and reaching 400 Bs.F. per US$1 on 21 May. [118] [119] The Bolivar Fuerte dropped sharply again in July 2015, passing 500 Bs.F. per US$1 on 3 July and 600 Bs.F. per US$1 on 9 July.
In 2008, the Chávez government revalued the Venezuela currency by a ratio of 1:1000, thus creating a new currency known as the bolívar fuerte (Eng.: "bolivar") but kept the currency pegged to a higher rate against the dollar than the market value. Since 2003, this has created a scarcity of foreign currency, as confidence in the bolivar ...
During the raid, police found 20 million euros, or around $21.1 million, in cash hidden in the walls and ceilings of the couple's home in Alcala de Henares, a town of around 195,000 inhabitants ...
According to DolarToday.com, the value of one US dollar in Venezuelan bolívares fuertes on the black market through time: blue and red vertical lines represent every time the currency has lost 90% of its value, which has happened seven times since 2012, meaning that the currency is worth (as of mid-February 2019) 30,000,000 times less than in ...
New coins in denominations of Bs.S 0.50 and Bs.S 1, and new banknotes in denominations of Bs.S 2, Bs.S 5, Bs.S 10, Bs.S 20, Bs.S 50, Bs.S 100, Bs.S 200 and Bs.S 500 were introduced. [28] Under the country's official fixed exchange rate to the US dollar the new currency was devalued by roughly 95% compared to the old hard bolivar. [29]