The Central Bank of Venezuela sets official rates, which are often different from the black market rate. Collectibility
The "Digital" name aims to promote electronic payments, aiming to simplify bookkeeping calculations and modernize payment systems. Banknote Features
Six more zeros were removed, bringing the total zeros removed to 14. Current Currency Landscape (As of 2026) Official Name: Bolívar Digital. bolivar
The Bolívar fuerte was replaced by the Bolívar soberano, removing five zeros.
Here is a detailed breakdown of the Bolivar, including its history, valuation, and current physical forms. Currency Evolution and Redenominations The Central Bank of Venezuela sets official rates,
Notes feature varied security threads and watermarks. Key Contextual Factors
The Venezuelan Bolivar (VES) has a complex history defined by extreme hyperinflation, causing the government to repeatedly redenominate the currency. As of October 2021, the current currency, known as the "Bolivar Digital," represents the latest effort to simplify transactions by removing six zeros from the previous "Bolivar Soberano". Current Currency Landscape (As of 2026) Official Name:
The bolívar lost three zeros, replacing the old Bolívar.