1 day ago - On February 5, 2018, the Central Bank of Venezuela announced a 99.6% [sic] devaluation, with the exchange rate going to Bs.F 25,000 per US$. This made the hard bolívar the second-least-valued circulating currency in the world based on the official exchange rate, behind only the Iranian rial, and between September 2017 and August 2018, according to the informal exchange rate, the hard bolívar was the least-valued circulating currency unit in the world.

November 28, 2025 - Our currency rankings show that the most popular Venezuelan Bolívar exchange rate is the VEF to USD rate. The currency code for Venezuelan Bolívares is VEF.

Venezuela introduced a new currency, the sovereign bolivar, on August 20th 2018, in an attempt to curb hyperinflation and economic crisis in the country. The new bolivar is anchored to the Petro, an oil-backed digital cryptocurrency launched in February. The exchange rate of the Petro ...

4 days ago - The currency of Venezuela has been in circulation since the end of the 18th century. The present currency unit in Venezuela is the Venezuelan bolívar. ... Venezuela shared the common Spanish-American monetary system, based on the silver peso and the gold escudo, which was used throughout Spanish ...

Convert VES to USD with the Wise Currency Converter. Analyze historical currency charts or live Venezuelan bolívar / US dollar rates and get free rate alerts directly to your email.

May 20, 2009 - Our currency rankings show that the most popular Venezuelan Bolívar exchange rate is the VEF to USD rate. The currency code for Venezuelan Bolívares is VEF.

The VEF is the official currency of Venezuela, with the symbol Bs.

2 days ago - At the core of the sharp rise in food costs is Venezuela’s dependence on the U.S. dollar, widely used in everyday transactions because it is typically less volatile than the country’s own currency, the bolívar. When Venezuela’s economy, once Latin America’s richest, spiraled deeper ...

Convert 1 thousand VES to USD with the Wise Currency Converter. Analyze historical currency charts or live Venezuelan bolívar / US dollar rates and get free rate alerts directly to your email.

2 days ago - Until now, Venezuela's hydrocarbon law has stated foreign partners must work with the country's state-owned oil and gas company, PDVSA - which must hold a majority stake. The reforms, Rodríguez said, would allow investment to flow to new fields. She said she had instructed her government to create two sovereign funds - one for social protection so that "foreign currency goes directly to hospitals, schools, food, housing" and the second for infrastructure and social development to invest in water, electricity and roads.

The value of the bolívar has plummeted due to the world’s highest inflation rate: currently so high that a sackful of cash is needed to pay for basic items. Venezuela’s exchange rate on the black market has fluctuated between two and four US cents in recent months and roughly 40 per cent of Venezuelans are thought to be without a bank account.

13 hours ago - Locals in Venezuela, as well as others living under unstable regimes, are turning to USDT as protection from political and economic uncertainties.

1 week ago - Bolívar has fallen nearly 20% on black market, after US capture of President Maduro

July 22, 2025 - The bolívar is Venezuela's currency. Learn about its history, tips for exchanging VES, and how to use money in Venezuela.

Convert 1 thousand USD to VES with the Wise Currency Converter. Analyze historical currency charts or live US dollar / Venezuelan bolívar rates and get free rate alerts directly to your email.

2 weeks ago - (Charlie Munger, Warren Buffett’s former right-hand man at Berkshire Hathaway, memorably called it “stupid and evil.”) But the asset has skyrocketed in value in recent years and President Donald Trump labeled the currency “digital gold” after signing an executive order to create a ...

2 weeks ago - We see limited transmission to global markets, including via commodities, given Venezuela’s small share of global oil production ... We remain risk-on. We are overweight U.S. equities on the AI theme and EM hard currency bonds.

November 6, 2025 - The bolívar fuerte (the equivalent of 1,000 bolivares) was introduced in 2008 in an attempt to curb high inflation and simplify financial transactions. It replaced the bolívar, which had been adopted as Venezuela’s monetary unit in 1879. Prior to 1879, independent Venezuela used three separate ...

3 weeks ago - Venezuela’s central bank on Wednesday set the official exchange rate at 301.37 bolívars to the US dollar, a rate in effect until January 2 — compared to a rate of 52.02 bolívars to the dollar at the start of 2025, highlighting the extent to which the local currency has lost value.