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<p>[QUOTE="Bradley Trotter, post: 6516310, member: 101226"]In recent years the South American nation of Venezuela has become increasingly unstable economically, politically, and socially. The Venezuelan Bolivar, named after the famed South American general and politician, has depreciated accordingly in light of Venezuela’s troubles rendering the Bolivar virtually worthless.</p><p><br /></p><p> Regardless, Venezuelan President Nicolás Maduro announced a monetary reform that entailed a revaluation of the Venezuelan Bolivar and the introduction of a state-sponsored cryptocurrency. The Bolivar Soberano, as it is known, was launched on August 20th, 2018, at an exchange rate of 100,000 old bolivars to 1 Bolivar Soberano. The initial release in 2018 included a range of brightly colored notes denominated in 2, 5, 10, 20, 50, 100, 200, and 500 bolivars.</p><p><br /></p><p> However, due to rising inflation, the incumbent Venezuelan government introduced a 10,000, 20,000, and 50,000 Bolivar note in 2019. Today the 50,000 Bolivar remains the highest valued note in circulation. However, its value is only an estimated 3 cents when rounded as of today. Currently, the Venezuelan government plans to introduce a 100,000 Bolivar note sometime in the near future.</p><p><br /></p><p> As a result of Venezuela’s economic and political woes, the Bolivar has essentially been rendered valueless and little more than a numismatic curiosity. Nonetheless, in scenes reminiscent of postwar-Germany or Hungary, notes are seen littering the streets. In contrast, merchants have been seen <a href="https://time.com/5265941/venezuelan-migrants-bolivares-banknotes/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://time.com/5265941/venezuelan-migrants-bolivares-banknotes/" rel="nofollow">crafting handbags</a> and clothing from discarded banknotes like the ones I've shared below.</p><p><br /></p><p>2 bolívares soberano</p><p><br /></p><p>[ATTACH=full]1260551[/ATTACH]</p><p><br /></p><p>5 bolívares soberano</p><p><br /></p><p>[ATTACH=full]1260553[/ATTACH]</p><p><br /></p><p>10 bolívares soberano</p><p><br /></p><p>[ATTACH=full]1260554[/ATTACH]</p><p><br /></p><p>20 bolívares soberano</p><p><br /></p><p>[ATTACH=full]1260560[/ATTACH]</p><p><br /></p><p>50 bolívares soberano</p><p><br /></p><p>[ATTACH=full]1260561[/ATTACH]</p><p><br /></p><p>100 bolívares soberano</p><p><br /></p><p>[ATTACH=full]1260562[/ATTACH]</p><p><br /></p><p>200 bolívares soberano</p><p><br /></p><p>[ATTACH=full]1260565[/ATTACH]</p><p><br /></p><p>500 bolívares soberano</p><p><br /></p><p>[ATTACH=full]1260569[/ATTACH]</p><p><br /></p><p> Likewise, if you are to do a simple eBay search for Venezuelan banknotes, the search results will yield a litany of offerings. For example, one can buy bundles of Venezuelan banknotes by the hundreds. With all that being said, please post your examples of Venezuelan coins or banknotes, whether recent or old.[/QUOTE]</p><p><br /></p>
[QUOTE="Bradley Trotter, post: 6516310, member: 101226"]In recent years the South American nation of Venezuela has become increasingly unstable economically, politically, and socially. The Venezuelan Bolivar, named after the famed South American general and politician, has depreciated accordingly in light of Venezuela’s troubles rendering the Bolivar virtually worthless. Regardless, Venezuelan President Nicolás Maduro announced a monetary reform that entailed a revaluation of the Venezuelan Bolivar and the introduction of a state-sponsored cryptocurrency. The Bolivar Soberano, as it is known, was launched on August 20th, 2018, at an exchange rate of 100,000 old bolivars to 1 Bolivar Soberano. The initial release in 2018 included a range of brightly colored notes denominated in 2, 5, 10, 20, 50, 100, 200, and 500 bolivars. However, due to rising inflation, the incumbent Venezuelan government introduced a 10,000, 20,000, and 50,000 Bolivar note in 2019. Today the 50,000 Bolivar remains the highest valued note in circulation. However, its value is only an estimated 3 cents when rounded as of today. Currently, the Venezuelan government plans to introduce a 100,000 Bolivar note sometime in the near future. As a result of Venezuela’s economic and political woes, the Bolivar has essentially been rendered valueless and little more than a numismatic curiosity. Nonetheless, in scenes reminiscent of postwar-Germany or Hungary, notes are seen littering the streets. In contrast, merchants have been seen [URL='https://time.com/5265941/venezuelan-migrants-bolivares-banknotes/']crafting handbags[/URL] and clothing from discarded banknotes like the ones I've shared below. 2 bolívares soberano [ATTACH=full]1260551[/ATTACH] 5 bolívares soberano [ATTACH=full]1260553[/ATTACH] 10 bolívares soberano [ATTACH=full]1260554[/ATTACH] 20 bolívares soberano [ATTACH=full]1260560[/ATTACH] 50 bolívares soberano [ATTACH=full]1260561[/ATTACH] 100 bolívares soberano [ATTACH=full]1260562[/ATTACH] 200 bolívares soberano [ATTACH=full]1260565[/ATTACH] 500 bolívares soberano [ATTACH=full]1260569[/ATTACH] Likewise, if you are to do a simple eBay search for Venezuelan banknotes, the search results will yield a litany of offerings. For example, one can buy bundles of Venezuelan banknotes by the hundreds. With all that being said, please post your examples of Venezuelan coins or banknotes, whether recent or old.[/QUOTE]
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