Venezuela changes its currency to Bolivar Fuerte on 1 January 2008
On January 1, 2008 the national money, the Venezuelan Bolivar, will go through a currency change to the new Bolivar Fuerte which will take three zeros from it's current value.
The main effect of this process will be to eliminate three zeroes, 000, from all current coins and bills. As an example a Bs.50,000 bill will now be Bs.F.50.
If you have money in Bolivars in a Venezuelan bank it will automatically be changed into BolÃvares Fuerte on January 1, 2008. If you have regular Bolivars left over from a previous trip you can use them up to June 30, 2008 or readily change them into BolÃvares Fuerte at any bank even after June 30. If you have an existing contract, say for apartment rental, etc., in regular Bolivars then it will automatically revert to BolÃvares Fuerte starting on January 1, 2008.
Any tourist visiting Rio Chico in 2008 will not be affected by this change. The money you will receive when you change your dollars, etc will be the new currency. The official exchange rate of Bs.2150 to US$1 will simply change to Bs.F. 2.15 to US$1, and the same is true for the parallel exchange rate, all prices, and everything else.
If anyone has any questions or doubts about these changes just send us an e-mail and we will be glad to answer them.
Images of the new Bolivar Fuerte money of Venezuela
On Jan. 1, 2008 everyone in Venezuela will start using the new Bolivar Fuerte money.
Here you can find images & photos of the new currency of Venezuela. Coming to Isla de Oro, Venezuela tourists will not really notice any big change. If you arrive after the New Year you will receive your exchange in the new currency.
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