Venezuelan Bolívar

Venezuelan Bolívar

Venezuelan Bolívar overview

The bolívar soberano (sign: Bs.S. or Bs.; plural: bolívares soberanos; ISO 4217 code: VES) is the main currency of Venezuela since 20 August 2018. Since that date, it has been due to replace the bolívar fuerte (strong bolívar, sign: Bs.F., ISO 4217 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.;; ISO 4217 code: VEB). It did so at a rate of 1 Bs.F. to 1000 Bs.

1 VEF to USD exchange rates chart

VEF to  exchange rates chart

Venezuelan Bolívar news

Preserve Venezuela relationship

THE EDITOR, Sir:The impending expropriation of the shares of the Venezuelan-owned Petrojam shares is going to cause a bitter squabble between Jamaica and their former partner. This could have been prevented, or circumvented, if prior analytical work...

5 days conditional positive
Venezuelans recycle worthless bolivar bills into crafts

A family of Venezuelan immigrants to Colombia are repurposing their worthless bolivars into origami-made paper wallets, belts and even purses as the currency plunges further in value amid four-digit inflation.

about 1 month subjunctive negative
Goodyear halts tire production in Venezuela as economy slips

U.S. tire company Goodyear has announced it will no longer continue production in Venezuela as economic conditions in the South American nation continue to deteriorate

about 1 month indicative neutral
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News from around the web.

about 2 months conditional positive
You can't get $1 out of the bank in Venezuela. I tried.
You can't get $1 out of the bank in Venezuela. I tried.

An economic crisis has severely worsened in recent months, making it nearly impossible for people to withdraw meaningful sums of cash.

about 2 months indicative negative
Hyperinflation is affecting how Venezuelans have sex

Soaring inflation touches all aspects of life in Venezuela – including how its citizens are having sex.

about 2 months indicative neutral
As minimum wage won’t buy bottle of minerals, Venezuelan artisans use currency to make purses
As minimum wage won’t buy bottle of minerals, Venezuelan artisans use currency to make purses

The Venezuelan Bolívar has become so worthless that artisans now imbue it with a sense of value by using it to make purses. According to reports...

about 2 months indicative negative

VEF currency converter