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New Currency on January 1, 2008

This is a discussion on New Currency on January 1, 2008 within the Venezuela forums, part of the Travel South America category; Venezuela will have a new currency on January 1, 2008. The traditional "bolivar" will be called "bolivar fuerte". Three zeros ...


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Old December 30th, 2007, 01:02 PM
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Default New Currency on January 1, 2008
Venezuela will have a new currency on January 1, 2008. The traditional "bolivar" will be called "bolivar fuerte". Three zeros will be lost. 1,000 bolivares (bs) will become 1 bolivar fuerte (BsF).

The change in currency is set up to bolster Venezuelans' perception of a strong currency in a bid to curb inflation, which is now highest in Latin America.

Best wishes,

Mark
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