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It has been reported that the Banco Central de Venezuela has procured the services of a Russian-based currency production facility for a new supply of bolivar-denominated banknotes
Category Archives: bolivars
Venezuela: Excessive inflationary conditions prompt issue of new, larger banknote denominations
The Banco Central de Venezuela has hastily announced (12th June) the issue of three new, larger banknote denominations just nine months after they re-denominated the bolivar currency to keep one step ahead of the country’s runaway annual rate of inflation. The bolivar soberano banknotes in denominations from 2-500 bolivares and two coins of one bolivar and 50 centavos were soon made redundant due to the escalating level of inflation