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Venezuelan bolívar · VES

Bs. symbol · 1 country currently using this currency.

Currency info

Adopted: 1879

Currency family: Other

The bolívar is one of the world's most volatile currencies, having lost over 99% of its value against the US dollar since 2013.

  • Introduced in 1879, replacing the Venezuelan peso at a rate of 5 bolívares per peso
  • Named after Simón Bolívar, the South American independence leader
  • Pegged to the US dollar from 1934 to 1983, maintaining a fixed exchange rate
  • Underwent multiple redenominations in 2008 and 2018 due to hyperinflation
  • Currently the bolívar soberano (VES) following the 2018 redenomination

Countries currently using this currency

Related

Historical predecessor

Venezuelan peso