Economy

Starting January 1st, 2008, Venezuela has a new currency called "Strong Bolivar", although it will be called "bolivar", for short. El 1 de enero del 2008, Venezuela estrena una nueva moneda. El "Bolívar fuerte", nombre utilizado para diferenciarlo de la moneda anterior llamada "Bolívar". La nueva moneda se obtiene, dividiendo la moneda anterior por 1000. Por ejemplo, lo que antes eran 50.000 bolívares se convierte en 50 bolívares

Bill notes

New bills are horizontal on one side and vertical on the other. You will find bills of 100,50,20,10, 5 and 2.

Coins

Warning

If bills are horizontal on both sides, that means they are old Bolivars, and their value must be divided by 1000, to convert to new bolivares. So if you see a 10.000 bolivar bill, it is in fact 10 bolivares. Old bills are valid until june 2008, and for the first half of 2008 old and new bills will be available.

Source: Banco Central de Venezuela

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