Currency of Venezuela: Venezuelan Bolívar
Venezuelan Bolívar · VES · National
Who Issues Venezuelan Bolívar in Venezuela
For currency identification in Venezuela, the national unit is the Venezuelan Bolívar (VES) and the domestic monetary authority is Central Bank of Venezuela. Its ISO 4217 numeric identifier is 928.
Central Bank of Venezuela issues or manages the Venezuelan Bolívar within Venezuela's own monetary framework. That makes VES a national currency rather than a unit administered by a regional monetary union.
Exchange Rate for VES
Exchange rates for the Venezuelan Bolívar change with the quoted pair and date. For Venezuela, use the dated reference as a benchmark rather than assuming it is the exact rate a bank, card or cash desk will apply.
For readers comparing VES, hold the pair and timestamp constant when judging changes in the reference rate. Actual conversion costs depend on the provider's spread, fees and timing.
Banknotes and Coins
Banknotes
The current bolívar monetary cone includes higher-value banknotes through Bs500, alongside earlier denominations that remain within the current currency unit.
Coins
The current bolívar coin structure includes the Bs1 coin; cash use is heavily banknote-based.
Frequently Asked Questions
What currency is used in Venezuela?
The Venezuelan Bolívar (VES) is the national currency of Venezuela. Central Bank of Venezuela is responsible for the domestic monetary framework.
Who manages the currency system in Venezuela?
Central Bank of Venezuela is the main monetary authority identified for Venezuela.
Are the exchange rates for Venezuela real-time?
When using the VES reference, the converter uses the latest available reference observation for a supported pair and displays its observation date. That makes it a reference value rather than a guaranteed transaction rate. The comparison stays the exchange-rate context transparent.
Sources & methodology
Institutional facts are checked against Central Bank of Venezuela and the monetary framework applicable to Venezuela. Currency identification uses ISO 4217 for VES, with institutional exchange arrangements separated from time-specific rate data.
View sources used for this page
- Central Bank of Venezuela - official website
- SIX - ISO 4217 Maintenance Agency
- IMF - Annual Report on Exchange Arrangements and Exchange Restrictions
- BIS - central bank directory and institutional cross-check
- Frankfurter - latest public reference-rate feed used by the converter
- Banco Central de Venezuela - banknotes and coins