Venezuela announces new currency and banknotes

The Central Bank of Venezuela will issue a new family of banknotes with a new name for its currency. The new currency will be called "bolívar soberano" equal to 1,000 bolívares fuertes.

The new series will be issued from 4 June 2018 and will have denominations of 2-, 5-, 10-, 20-, 50-, 100-, 200- and 500-bolívares soberanos. The new name of the currency doesn't appear on the new banknotes. 
Venezuela, potentially one of the richest countries in the world, is completely bankrupt due to a corrupt government, bad economic policy and the constant blaming of other countries for its own problems. New banknotes and a new currency won't change any of their problems of course but hey: something new for us collectors. 

Steven Friday 23 March 2018 at 4:38 pm | | news
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