Banknotes of Venezuela

Venezuela is the most extreme case study in contemporary notaphily. In less than fifteen years, it went from 2 bolívar banknotes to one-million bolívar banknotes, underwent three redenominations, and discarded entire series along the way that ceased to have value before they could even be spent. For the collector, this means spectacular pieces at entry-level prices.

From the bolívar to the digital bolívar

First came the classic bolívar, featuring Simón Bolívar, Sucre, and Francisco de Miranda. Then the bolívar fuerte in 2008, which removed three zeros. Afterwards, the soberano in 2018, which removed five more. And finally, the digital in 2021, which removed another six. Adding the three reforms together, fourteen zeros were eliminated from the same currency.

What the collector is looking for

The one-million bolívar note from 2020, which is the most cited image of the crisis. Replacement banknotes with an X or Z prefix, which are much scarcer than the standard issue. And the "tinoquitos" from 1989, the 1 and 2 bolívar notes, so small they earned that nickname.

Why it is a good country to start with

Because it allows you to build a coherent and visually striking collection for very little money: the same effigy of Bolívar running through four different currencies tells an entire economic story. It fits well with our selection of affordable banknotes if you are just starting out.

Authenticity

Official issues from the Central Bank of Venezuela, with their Pick reference and actual condition. Protected and tracked shipping from Spain.

Discover more banknotes from the region in Banknotes of America.