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Since the government of Hugo Chávez established strict currency controls in 2003, there have been a series of five currency devaluations, disrupting the economy. [24] On 8 January 2010, the value was changed by the government from the fixed exchange rate of Bs.F 2.15 to Bs.F 2.60 for some imports (certain foods and healthcare goods) and Bs.F 4 ...
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. The present currency unit in Venezuela is the Venezuelan bolívar.
On 29 March 1842, the Congress of Venezuela ordered the minting of 1, ½, and ¼ centavo coins, putting an end to the use of foreign coins for this purpose. [2] To define the value of these smaller coins, the peso was subdivided into 10 reales , each of 10 centavos , following the suit of the Colombian currency. [ 4 ]
The Colombian real circulated in Venezuela from 1821, with some coins struck in Caracas. In 1837, the Colombian real was replaced by the Colombian peso (subdivided into 8 reales), which was itself replaced by the Venezuelan peso (subdivided into 10 reales) in 1842 (though it would take a year for the new coins to enter circulation, replacing ...
Topographic map of Venezuela Pictorial map of Venezuela. Venezuela is located in the north of South America; geologically, its mainland rests on the South American Plate. It has a total area of 916,445 km 2 (353,841 sq mi) and a land area of 882,050 km 2 (340,560 sq mi), making Venezuela the 33rd largest country in the world.
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Coat of arms of Venezuela and the name of the country of issue The Venezuelan twelve-and-a-half-céntimo coin ( 12 + 1 ⁄ 2 céntimos), was a cupro-nickel money and that was worth one-eighth of a silver Venezuelan Bolivar (VEB), [ 1 ] this round piece of metal was known also with the very popular nicknames of " locha " ( pronounced [ˈlotʃa ...
From 1 January 1872 all accounts had to be converted and expressed in venezolanos and centavos. Coins minted in conformity with the 1857 monetary law (centavos of pesos) were to continue in circulation, however, it would cease to be legal to accept payment in foreign currency. The new venezolano coins were introduced into circulation in June 1874.