New monetary expression in Venezuela

Sep 29, 2021

Provider: internet

29/09/2019

A partir del 1ro. de octubre de 2021 entrará en vigencia un nuevo cono monetario, que implicará la reducción de seis (6) ceros a la moneda. De conformidad con el Decreto Nº 4.553, del 6 de agosto de 2021, por medio del cual se Decreta la Nueva Expresión Monetaria; publicado en la Gaceta Oficial de la República Bolivariana de Venezuela número 42.185, del 6 de agosto de 2021, la medida pretende facilitar las transacciones y simplificar los pagos, además de hacer más eficientes los sistemas de cómputos y registros contables. La nueva familia del cono monetario, estará integrada por cinco (5) billetes y una (1) moneda.

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.

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