Bolivar

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Bolivar

The currency of Venezuela. It came into circulation in 1879. While it was originally pegged to the French franc, it has been pegged to the U.S. dollar for much of its history. Since the 1970s, it has suffered from a high rate of inflation. It is named for Simon Bolivar, the controversial revolutionary who liberated much of South America from Spain.
References in periodicals archive ?
Currency conversion impact of the Venezuelan Bolivar Fuerte per diluted share
In addition to reporting financial results in accordance with accounting principles generally accepted in the United States, we discuss in this earnings release earnings per share for the first quarter of 2010 and 2009 as adjusted for the impact of non-cash convertible debt interest expense and the impact of the devaluation of the Venezuelan Bolivar.
In addition, the Company's equity income for both the first six months of 2014 and the first six months of 2013 include comparable currency charges related to the conversion of Venezuelan Bolivar Fuerte to the U.
This amount is primarily comprised of a $38 million charge, net of tax, related to our supplemental executive retirement plan that was frozen on March 31, 2010 and a $40 million charge, net of tax, related to the devaluation of the Venezuelan Bolivar.
announced today that the recent currency revaluation of the Venezuelan bolivar will result in a devaluation expense to the Company of approximately $1.
Estimated cost to the Company of today's devaluation of the Venezuelan Bolivar from 1598 to 1920 to the dollar is $.
Although collections of accounts receivable from PDVSA have improved over the last two months, companies such as Helmerich & Payne have been prohibited from converting the Venezuelan bolivar into U.
the United States to commercial smugglers, travel agents, investors, and others in Colombia in exchange for Colombian pesos, which in turn are exchanged for Venezuelan bolivars at the parallel exchange rate and then used to repurchase dollars through the Venezuelan currency control regime at a stronger official exchange rate.
Two dozen airlines are waiting for the proceeds of tickets sold locally in Venezuelan bolivars while the money is blocked by tight currency controls, according to the International Air Transport Association.
Airlines have struggled to obtain dollars in exchange for Venezuelan bolivars as a result of delays in the country's decade-old currency control system.
He said the check for 300 million Venezuelan bolivars was to be used for the expenses of the Kayson Company, an Iranian contractor building thousands of homes in Venezuela for Venezuela's government.
21, its officials at the Duesseldorf International Airport found the check for 300 million Venezuelan bolivars issued by the Bank of Venezuela in the luggage of an unidentified 59-year-old man.