X-Nico

4 unusual facts about Currency of Venezuela


Currency of Venezuela

Claiming a shortage of circulating coin, Caracas petitioned for distinctive coins with an intrinsic value below standard that would only circulate locally.

Banco Central released a 5-bolívares note (authorized May 10, 1966) commemorating the 400th anniversary of the founding of Caracas in 1567.

Trade, especially in cacao, brought money to the colony in the late 17th century in the form of coin from the Mexico money supply increased significantly after the Compañía Guipuzcoana de Caracas obtained a trade monopoly in 1729, and Spanish and Spanish-American coin became a common form of payment.

Meanwhile, three commemorative notes were released: a 100 in 1980 for the 150th anniversary of Simón Bolívar's death, a 50 in 1981 for the 200th anniversary of the birth of Andrés Bello, and a 20 in 1987 for the 200th anniversary of the birth of Rafael Urdaneta.



see also