Banknote Blog

Venezuela’s New Digital Bolivar Isn’t Digital, and It Won’t Solve the Country’s Economic Crisis In view of the hyperinflation in the Latin American country, the government decided to remove six zeros from the currency and issue a new bolivar. For a third time.The Venezuelan government launched a digital bolivar last Friday, and it is already generating uncertainty and nervousness, several locals told CoinDesk. The new bolivar appears to be yet another attempt by the government to combat hyperi …

The Central bank of Venezuela (BCV) announced this Thursday the third monetary reconversion in the era of Chavismo that will take effect on October 1 and will eliminate six zeros from the current sovereign bolivar, which will be called the digital bolivar.“As of October 1, 2021, the digital bolivar will come into effect, by applying a monetary scale that removes six zeros from the national currency. In other words, all monetary amounts and everything expressed in national currency wi …

BCV expands the current Monetary Cone with the incorporation of three new banknotes Date: Friday, March 5, 2021 Three new banknotes will be incorporated into the current Monetary Cone, as part of the expansion of the current family of monetary species.The new pieces of Bs. 200 thousand, 500 thousand and 1 million will begin to circulate gradually, as of March 8, 2021. These new bills come to complement and optimize the current monetary cone, to meet the requirements of the economy national …