Venezuela The Venezuelan Bolívar (VEF) was Venezuela's official currency until it was replaced by the Bolívar Soberano (VES) in 2018 due to hyperinflation. Introduced in 1879, the Bolívar was named after Simón Bolívar, a prominent leader of Latin America's independence movements. During its usage, the VEF underwent several redenominations to stabilize the economy. While no longer in circulation, the Bolívar's history reflects Venezuela's economic struggles and efforts to combat inflation.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
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Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.
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