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 ?
Masisa implemented a financial strengthening plan in the fourth quarter to reduce debt, raise the debt maturity profile and strengthen the shareholders' equity base by means of various initiatives including: a capital increase of US$100 million; subscription of a long-term syndicated bank loan of US$103 million; placement of long-term bonds in UF in the Chilean market amounting to US$100 million; divestment of non-strategic assets in Brazil by US$70 million; securing a long-term bank loan of US$30 million and the reduction of financial liabilities in Bolivares by US$65 million, all of which amounts to US$468 million.
People and businesses turn to the parallel market when they are unable to acquire the limited number of dollars the government sells at the official exchange rate of 2,150 bolivares per US$1.
The conversion must be based on the official exchange rate of 2,150 bolivares to US$1.
26 billion Indonesian rupiahs Caracas, Venezuela $ 133,656 287 million Venezuelan bolivares Mexico City, Mexico $ 175,122 1.
I'll bet you in bolivares or in dollars, you decide," he taunted as he spoke to a multitude of his supporters gathered on Caracas' main highway in a counterprotest during the G-15 meeting.
INCOME STATEMENT FOR THE QUARTER AND SIX MONTHS ENDED APRIL 30, 1995 In Millions of Bs (Constant Bolivares of April 95) For the 3 For the 3 months ended months ended 1/31/95 4/30/95 Sales in tons 37,621 % 34,107 % NET SALES 10,890.
Role of Bizta in Venezuela's 2004 Recall Referendum -- There is confusion over a 300,000,000 bolivares (approximately $150,000) loan made in 2003 by the Venezuelan Industrial Credit Fund (Fondo de Credito Industrial) -- the equivalent of the U.
But during the last year and a half, as Venezuela's currency lost more than half its value and her sales declined in a shrinking economy, the bolivares (US$1 = 1,596 Venezuelan bolivares) she sent translated into fewer Colombian pesos.
Expressed in constant Bolivares as of January 31, 1995, net sales for the quarter ended January 31, 1995 were Bs.
The game will be made available in more than 35 bingo halls operated by a leading Venezuelan operator and will guarantee a top jackpot of a minimum of 20-million bolivares (Bs)*, a significant prize amount for many Venezuelans.
6, with the rate set at 1,596 bolivares to the US dollar.