The bolÃvar fuerte has been the currency of Venezuela since 1 January 2008. It is subdivided into 100 céntimos and replaced the original bolÃvar at the rate of Bs.F. 1 = Bs. 1,000 because of inflation. The bolÃvar was adopted by the monetary law of 1879, replacing the short-lived venezolano at a rate of five bolÃvares to one venezolano. Initially, the bolÃvar was defined on the silver standard, equal to 4.5g fine silver, following the principles of the Latin Monetary Union.
Source: https://en.wikipedia.org/wiki/Venezuelan_bol%C3%ADvar
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