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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.
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]
During this period President Carlos Andrés Pérez was elected and pledged to make Venezuela a developed country within a few years, [citation needed] known as 'La Gran Venezuela', through policies revolving around financing state-owned and enterprise-led industrialisation in order to facilitate heavy import substitution as a rebirth of the ...
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) [2] or "cuartillo" (pronounced [kwaɾˈtiʝo]).
The Bolivarian countries. The Bolivarian countries [1] are six Hispanic American countries (Bolivia, Colombia, Ecuador, Panama, Peru and Venezuela) whose republican origin is attributed to the ideals of Simón Bolívar and the independence war led by the Venezuelan military in the viceroyalties of New Granada and Peru.
The Coins of the Venezuelan venezolano circulated between 1874 and 1897. On June 11, 1873, the government ordered subsidiary silver coins of 5, 10, 20, and 50 centésimos de venezolano from Paris. An order for gold coins was placed on September 16, 1874, originally for pieces of 1, 5, 10, and 20 venezolanos, the 20-venezolano gold piece to be ...
In 1811, the Estados Unidos de Venezuela issued notes in denominations of 2 reales, 1, 2, 4, 5 and 10 pesos. In 1849, the Treasury issued notes for 5 pesos, which were followed by government issues for 5, 10, 50, 100, 500 and 1000 pesos from 1859. From 1860, notes for 8 reales and 20 pesos were issued. [3]
In 1830, José Antonio Páez declared Venezuela independent from Gran Colombia and became president, taking office on January 13, 1830. Although he was not the first president of Venezuela (having in mind Cristóbal Mendoza in 1811), he was the first head of state of independent Venezuela, after the dissolution of Gran Colombia.
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