| VEN 2 Bolívares 2012 | VEN 5 Bolívares Pick Unlisted 2014 |
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Owner's Description:
At the time it was announced and placed into circulation, at least officially, this note was worth about US$0.93.
It is too easy to blame the death of the Bolivar and the hyperinflation in Venezuela on the Great Financial Crisis of 2008, the collapse in oil prices, the policies of Hugo Chavez, and the new government under the Constitution of 1999. Venezuela had never been stable. It had gone through several military dictators, several democratic governments and several coups and attempt... | Owner's Description:
At the time it was announced and placed into circulation, at least officially, this note was worth about US$2.30.
A new Constituent Assembly, formed after Chavez’s successful referendum in April 1999, put together a new constitution that was itself put to referendum in Dec 1999. The new constitution, among other things, gave the president more powers, lengthened the presidential term to 6 years and allowed the president to have two consecutive terms, where, previously, a president had t... |
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| VEN 10 Bolívares 2013 | VEN 20 Bolívares 2011 |
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Owner's Description:
At the time it was announced and placed into circulation, at least officially, this note was worth about US$4.65.
In 2000, Venezuela was the world's fifth largest exporter of crude oil, with oil accounting for 85% of the country's exports - inflation was still on the decline. Previous administrations had sought to privatize this industry, with U.S. corporations having a significant level of control, but the Chávez administration wished to curb this foreign control over the country's nat... | Owner's Description:
At the time it was announced and placed into circulation, at least officially, this note was worth about US$9.30.
The front of this note shows Luisa Cáceres de Arismendi – the wife of Juan Bautista Arismendi, a general in the rebel army. She was 13 years old and living with her family in Caracas when the 1812 earthquake flattened the city. She met her future husband on Christmas Eve in 1813. Her father was killed by royalist troops. Her brother then joined the rebels and was captured and exec... |
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| VEN 20 Bolívares 2014 | VEN 50 Bolívares 2015 |
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Owner's Description:
At the time it was announced and placed into circulation, at least officially, this note was worth about US$9.30.
The government of Hugo Chavez announced on 7 Mar 2007 that the Bolivar Fuerte (ISO Code VEF) would replace the Bolivar (ISO Code VEB) at an exchange rate of 1000 VEB to 1 VEF, “to facilitate the ease of transaction and accounting.” The new currency code was needed in part because the old currency would still be circulating for a while. At the time of its demise, the Bolivar ... | Owner's Description:
At the time it was announced and placed into circulation, at least officially, this note was worth about US$23.25.
Beginning in 2014 the price of oil plummeted from over $100/bbl at the time to $40/bbl a year and a half later. This placed pressure on the Venezuelan economy and left the government unable to afford vast social programs. To counter the decrease in oil prices, the Venezuelan Government began taking more money from PDVSA, the state oil company, to meet budgets, resulting in ... |
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| VEN 100 Bolívares 2015 | VEN 500 Bolívares 2016 |
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Owner's Description:
At the time it was announced and placed into circulation, at least officially, this note was worth about US$46.50.
I’m wanting to update this description with a discussion of the “CITGO 6.”
The Bolivares Fuertes notes were mostly issued in two 6-note series that can basically be thought of as a "Series 1" and "Series 2". The "Series 2" notes use the same designs, in the same order of ascending denominations, but with different color schemes and face values. The “Series 1” ... | Owner's Description:
At the time this note was announced, in December 2016, it was worth only about US$0.10.
The front of this note features an image of a younger Francisco de Miranda. A portrait of an older Miranda was used on the 200 Bolivares Soberano note (VEN107).
Miranda led a romantic and adventurous life in the post-enlightenment period. He participated in the American Revolutionary War, the French Revolution, and the Spanish American wars of independence. He was an idealist that developed a plan to l... |
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| VEN 1000 Bolívares Pick Unlisted 2016 | VEN 2000 Bolívares Pick Unlisted 2016 |
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Owner's Description:
At the time this note was announced, in December 2016, it was worth just under US$0.25.
The front of this note features a portrait of Pedro Camejo. He was a Venezuelan soldier that fought for the royal (Spanish) army before switching sides to fight for the rebels under Simon Bolivar. It probably should not be too surprising that he deserted the royal army since it was never his idea to be part of it – he had been a slave and was “put at the service of the king.” That seems like a very nice w... | Owner's Description:
At the time this note was announced, in December 2016, it was worth just under US$0.50.
The front of this note shows Cacique Guaicaipuro – a 16th century native Venezuelan chief that resisted the conquest of the region by the Spanish until his death in 1568.
The Spanish discovered gold in the area controlled by this chieftain’s tribe and started mining for it. He attacked with a coalition of several tribes and forced the Spanish to leave – until the Spanish came back with fresh troops. Th... |
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