Venezuela Bolivares 2020 1,000,000 Cir. Used. Pack of 100 P-114 1 Million Bolivar Banknotes

Venezuela Bolivares 2020 1,000,000 Cir. Used Pack of 100 Banknotes P-114

Description:

This pack comprises 100 circulated used 2020 Venezuela 1,000,000 Bolivares banknotes, cataloged as P-114. These banknotes provide a tangible connection to the recent hyperinflationary period in Venezuela, reflecting the economic challenges and currency devaluation that the country has faced. Each note in this pack is in circulated condition, preserving the historical and economic context of its use.

Design and Features:

• Obverse: The front of each note features a portrait of Simón Bolívar, the revered liberator and national hero of Venezuela. The background includes intricate patterns and vibrant colors, showcasing the high-quality design and cultural significance of the note. The denomination "1,000,000 Bolivares" is prominently displayed, indicating its high value during the issuance period.

• Reverse: The reverse side showcases the image of the Central Bank of Venezuela building, a symbol of the nation's financial institution. The detailed engravings and vivid imagery highlight the craftsmanship involved in the note's production, reflecting the nation's rich heritage and historical significance.

Security Features: Each 1,000,000 Bolivares note includes several security features to prevent counterfeiting. These features consist of a watermark of Simón Bolívar, a security thread, microprinting, and color-shifting ink. These elements ensure the authenticity of the notes and enhance their overall aesthetic appeal.

Historical Significance: Issued in 2020, these banknotes represent a period of significant economic turmoil and hyperinflation in Venezuela. The 1,000,000 Bolivares denomination reflects the severe inflationary pressures faced by the country, making these notes important historical artifacts. The hyperinflation period is one of the most dramatic episodes of economic instability in recent times, and these notes capture the magnitude of the economic challenges faced by Venezuela.

Collector's Value: This pack of 100 circulated used notes provides a comprehensive look into the hyperinflationary period in Venezuela. The circulated condition adds authenticity and historical context, showing real-world use and the impact of economic conditions on daily life. These notes are valuable for collectors interested in modern currencies, hyperinflation periods, and Venezuelan economic history. The pack's historical significance and the condition of the notes make it a unique addition to any numismatic collection.