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In a release published today Banco Central de Venezuela announced the creation of the “digital bolivar” and the currency re-denomination by eliminating six zeros, to take effect on 1 October 2021.

Banknotes of 5 (VED5.1); (VED10.1);(VED20.1);(VED50.1) and (VED100.1) bolivars digitales will be issued. There will also be a coin of 1 Bolivar digital.

Currently 1 American dollar is quoted at approximately 4.1 million bolivars soberanos, or 4.01 bolivars digitales.

The back of these banknotes commemorate the 200 Years of the Battle of Carabobo.

Source: Banco Central de Venezuela.

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