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Tuesday, April 2, 2019

Currency Today : Venezuela 11

In January 2018, the old Boliváres Fuertes notes have lost that much value, that it became impossible to use the old notes.
Imagine you paying 1,000,000 boliváres for a coffee, with 10 notes of 100,000.

In stead of printing new notes with even higher denominations, they dropped 5 zero's, so 100,000 Boliváres fuertes became 1 Bolivar Soberano (sovereign).
The 1 Bolivar is a coin, from 2 Boliváres on, new banknotes were printed.

They fit seamlessly with the previous types of notes. The note mentionnes 'bolváres', but in fact it's a new currency. They old Boliváres are officially VEF (fuertes) and the new ones VES (soberanos).
When looking up exchange rates, the two types are as different as dollars and roubles, except, they were issued in the same country.

Again, the banknotes are in high quality printing, and very attractive in design.

The first two note in the VES-set are 2 and 5 Boliváres. The date of issue is January 15, 2018.
We see signature H (similar to the issues in 2017).
signature H
At the back side of the notes, we find again some endangered or vulnerable animals that live in the Venezolan region.
2 and 5 Boliváres Soberanos / VES
For the 2 BsS (VES) note, the design is that of the Yellow shouldered parrot.
a very popular but vulnerable pet in Venezuela
yellow shouldered parrot
What's in the name. The Yellow shouldered parrot, is a yellow shouldered parrot...
It lives in the north of Venezuela, from the tropical Islands Margarita and La Blanquilla to the Dutch Caribean Island of Bonaire. In Aruba the bird is extirpated, and possibly also on Curaçao.

The 5 boliváres-note shows a critially endangered endemic frog, the 'sapito rayado' or Veragua stubfoot toad or even Rancho Grande harlequin frog.
This frog's habitat was the Caracas surroundings, but due to human influence (Caracas is known as the concrete jungle), the animal is now seriously threatned.

Sapito rayado - Veragua stubfoot toad
also known as the Ranch Grande harlequin frog
to be continued ...

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