Historical overview

Banco de Venezuela was founded in 1890, as a result of a reform of Banco Comercial and the absorption of Banco de Carabobo. This bank was one the largest that issued a lot of banknotes with national acceptance and a great variety of designs, until 1940 where, the Central Bank of Venezuela take the full resposibility to issue banknotes nationwide.

Monetary Unit Name

Bolívar of Silver (1879-1918)
Bolívar of Gold (1918-1974)
Bolívar (1974-2007)

Monetary System

100 Céntimos = 1 Bolívar

Time Period

From 1879 through December 31st 2007, which has been replaced by "Bolívar Fuerte".

Monetary equivalence

5 Céntimos = 1 Centavo (Venezolano)
1 Bolívar = 20 Centavo (Venezolano)
5 Bolívares = 1 Venezolano