Information about Banco Central de Venezuela and the Monetary Unit Bolívar Soberano
Historical overview
The Banco Central de Venezuela was created on September 7th 1939 with the issue of the Act "Ley del Banco Central de Venezuela" «The Central Bank of Venezuela Act», as a goal to centralize the banknotes and coin issuing, which in that time, many banks where issuing banknotes.
Monetary Unit Name
Bolívar Soberano
Monetary System
100 Céntimos (BsS) = 1 Bolívar Soberano
Monetary equivalence
100,000,000 Bolívares (Bs) = 1 Bolívar Soberano (BsS)
1000 Bolívares Fuerte (BsF) = 1 Céntimos (BsS)
100,000 Bolívares Fuerte (BsF) = 1 Bolívar Soberano (BsS)
Time Period
Since August 20th 2018 replaces "Bolívar Fuerte". Starting October 1st 2021 there is a redenomination process by dividing the value by 1,000,000.00 with the name "Bolívar Digital"
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