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Posted 08/02/2021 5:57 pm
Venezuela is up to its old tricks. Released on March 5th of 2021 (but dated 2020), here are the 200k, 500k, and 1M Bolivares notes.
Wikipedia quotes a Bloomberg article stating that Venezuela is heading for yet another redomination, removing six zeros:
Wikipedia quotes a Bloomberg article stating that Venezuela is heading for yet another redomination, removing six zeros:
Quote:
According to a Bloomberg article on 1 July 2021, Venezuela plans to redenominate the bolívar at a ratio of 1,000,000:1 in August 2021, effectively removing six zeros from the denominatons. The current largest denomination banknote is 1,000,000 bolívares, expressed on the note with a predominant 1 followed by the descriptive millón de bolívares. It's therefore likely that the bank intends to retain the bolívar currency name while reusing the existing note designs.
According to a Bloomberg article on 1 July 2021, Venezuela plans to redenominate the bolívar at a ratio of 1,000,000:1 in August 2021, effectively removing six zeros from the denominatons. The current largest denomination banknote is 1,000,000 bolívares, expressed on the note with a predominant 1 followed by the descriptive millón de bolívares. It's therefore likely that the bank intends to retain the bolívar currency name while reusing the existing note designs.
Edited by CelticKnot
08/02/2021 6:04 pm
08/02/2021 6:04 pm
I do want to continue my Venezuelan currency collection but not at that price. Inflation seems to have settled down quite a bit in Venezuela so these prices may be slow to come down.
