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
Other Other currencies
Historical predecessor
Venezuelan peso