

News
New monetary expression in Venezuela

Provider: internet
29/09/2019
From the 1st. October 2021, a new monetary cone will come into effect, which will imply the reduction of six (6) zeros to the currency.
In accordance with Decree No. 4,553, of August 6, 2021, by means of which the New Monetary Expression is decreed; Published in the Official Gazette of the Bolivarian Republic of Venezuela number 42,185, of August 6, 2021, the measure aims to facilitate transactions and simplify payments, in addition to making computer systems and accounting records more efficient.
The new family of the monetary cone will be made up of five (5) bills and one (1) coin.
What should you know?
- For the new expression, six (6) zeros will be eliminated from the monetary cone or the national currency will be divided by one (1) million.
- The measure seeks to facilitate transactions and simplify payments, in addition to making computer systems and accounting records more efficient.
- The new monetary cone has five (5) bills with the values Bs. 100, Bs. 50, Bs. 20, Bs. 10, Bs. 5 and one (1) coin of Bs. 1.
- The new family of banknotes and coins will gradually begin to circulate in the country and will coexist with the current cone.
Last News
Privacy Overview
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Strictly Necessary Cookies
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.