Tuesday, June 21, 2022

Currency Today : Venezuela 15

The banknotes in use in Venezuela, in 2018 had a 500 Bolívares Soberanos as highest denomination.
Since the Boliváres "soberano" already replaced the previous 'Bolívares Fuertes' by 100,000 to 1, this 'high value' note, represented 500,000,000 of the old units.

And yet, in 2019 the need for even higher face values was so urgent, that 3 new banknotes had to be issued.

The Venezolan national bank skipped the logic line of notes, and did not issue a 1000, 2000 or 5000 note, but issued directly a 10,000 BsS note, replacing 20 of the highest value notes in circulation.
At the same time, also a 20,000 BsS and a 50,000 BsS note were issued.

10,000 BsS - 2019

10,000 BsS - 2019 reverse
The new notes all bare the date of 22 January 2019.

20,000 BsS - 2019

20,000 BsS - 2019 reverse
As inflation was (is) progressing in an unseen speed, the quality of the notes, is mediocre.
All 3 notes come in one colour, blue, green and brown.
No effort was done to create a different image on the notes. Each of the note shows Simón Bolívar on the front side, and his mausoleum on the reverse side.

Except for a security thread and a double serial number on the front side, the back side has no extra printings.
This set does not longer issue endangered animals of Venezula on the notes.

The notes with a narrow security thread segments were printed by Goznak (Russia), the others, elsewhere.

to be continued....

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