INFORMATION ABOUT VENEZUELAN BOLIVAR FUERTE
We show the updated today’s value/price of Venezuelan Bolivar Fuerte (VEF).You can get the exchange from Venezuela Bolivar Fuerte to another currency by introducing the value or amount of Venezuelan Bolivar Fuerte (VEF) in the box and clicking the convert button. This way you can get the Venezuelan Bolivar Fuerte’s price in relation to other currencies.
INTRODUCTION TO THE VENEZUELAN BOLIVAR FUERTE
The Bolivar Fuerte was introduced in 2008 replacing the Bolivar and since then it is the official currency of Venezuela. It is used by approximately 30 million seven hundred thousand people. You can check the today value of the Venezuelan Bolivar Fuerte and check its price.
Between 2008 and 2011 it circulated simultaneously with the Bolivar (VEB). For this reason it was necessary a reconversion practice in the common mercantile transactions.
The Banco Central de Venezuela is an autonomous organization founded in 1939. Among its functions there are to formulate and execute the monetary policy, to participate in the design and to execute de exchange policy, to regulate the credit and the interest rates of the financial system. It is also responsible for regulate the currency and promote de appropriate liquidity of the financial system, to centralize and manage the international monetary reserves of the country, to participate in the currency market and to monitor and regulate such market. Is also is in charge of safeguard the appropriate functioning of payments of the country.
Countries that use the currency: Venezuela
Name: VENEZUELAN BOLIVAR FUERTE
Bills: Bs.F. 2, 5, 10, 20, 50, 100
Coins: cent = 1/100 of 1 BsF. Cent.01. 0.05, 0.10, 0.12 y 1/2, 0,25, 0,50. BsF 1
Issuing Agent: Banco Central de Venezuela Web: http://www.bcv.org.ve/