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 ?
This means that in 5 months the bolivar has devaluated from 10 to 3,600 per dollar.
During the delivery of humanitarian aid, violent situations were recorded on the Francisco de Paula Santander and Simon Bolivar bridges on the border with Colombia.
Tanto Bolivar como Miranda poseen un infinito numero de autores que han seguido con especial ahinco el recorrido de sus vidas.
Maduro said one Petro would be worth USD60, or 360 million bolivars. The move essentially devaluated the currency by 96 percent.
'As the country coordinator for Asean-China, the Philippines will take a lead role in steering the negotiation for the COC,' Bolivar said.